{"data":{"id":"us-va/va.-code-38.2-2700","jurisdiction":"us-va","citation":"Va. Code § 38.2-2700","heading":"Purposes of chapter","body":"The purposes of this chapter are:1. To assure stability in the property insurance market of this Commonwealth;2. To assure the availability of basic property insurance for qualified property;3. To encourage maximum use of the voluntary insurance market provided by licensed insurers in obtaining basic property insurance; and4. To provide for the equitable distribution among licensed insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the voluntary insurance market.1968, c. 559, § 38.1-746; 1986, c. 562.","path":["Title 38.2. INSURANCE","Chapter 27. BASIC PROPERTY INSURANCE RESIDUAL MARKET FACILITY AND JOINT UNDERWRITING ASSOCIATION"],"source_url":"https://law.lis.virginia.gov/vacode/38.2-2700/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:16:05Z","sha256":"9e2d721425ca3dc3e7e1bcb7be5d14bda528ec747d259fc5ceeef03f2ef74ab9","source_id":"us-va","stale":true,"prev":"us-va/va.-code-38.2-2628","next":"us-va/va.-code-38.2-2701"},"notice":"GroundRules: Original legal text. Not legal advice."}