46.2-469 - Commission not required to disclose reasons for action; liability of Commission for act or omission. - Virginia Statutes

§ 46.2-469. Commission not required to disclose reasons for action; liabilityof Commission for act or omission.

A. The Commission shall not be required to disclose to any person, includingthe applicant or policyholder, its reasons for:

1. Refusing to assign an application;

2. Approving the rejection of an application by an insurance carrier;

3. Approving the cancellation of a policy of motor vehicle liability,physical damage, and medical payments insurance by an insurance carrier; or

4. Refusing to approve the renewal or the reassignment of an expiring policy.

B. The Commission or anyone acting for it shall not be held liable for anyact or omission in connection with the administration of the duties imposedupon it by the provisions of this chapter, except upon proof of actualmalfeasance.

(Code 1950, § 46-490; 1958, c. 541, § 46.1-501; 1972, c. 842; 1989, c. 727.)