{"data":{"id":"us-va/va.-code-38.2-1900","jurisdiction":"us-va","citation":"Va. Code § 38.2-1900","heading":"Purposes of chapter","body":"A. This chapter shall be liberally construed to achieve the purposes stated in subsection B of this section.B. The purposes of this chapter are to:1. Protect policyholders and the public against the adverse effects of excessive, inadequate or unfairly discriminatory rates;2. Encourage independent action by insurers and reasonable price competition among insurers as the most effective way to produce rates that conform to the standards of subdivision 1;3. Provide formal regulatory controls for use if independent action and price competition fail;4. Authorize cooperative action among insurers in the rate making process, and regulate such cooperation in order to prevent practices that tend to create monopoly or to lessen or destroy competition;5. Provide rates that are responsive to competitive market conditions and improve the availability of insurance in this Commonwealth; and6. Regulate the business of insurance in a manner that will preclude application of federal antitrust laws.1973, c. 504, § 38.1-279.29; 1986, c. 562.","path":["Title 38.2. INSURANCE","Chapter 19. REGULATION OF RATES GENERALLY"],"source_url":"https://law.lis.virginia.gov/vacode/38.2-1900/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:16:05Z","sha256":"6f8ce63245a06c5be485e3d01f13676c7cb73e0611f6207a7b0102738bf41272","source_id":"us-va","stale":true,"prev":"us-va/va.-code-38.2-1890","next":"us-va/va.-code-38.2-1901"},"notice":"GroundRules: Original legal text. Not legal advice."}