Va. Code § 38.2-2700

Current with changes from the 2024 legislative session through ch. 845

Section 38.2-2700 - Purposes of chapter

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; and

4. 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.

Va. Code § 38.2-2700

1968, c. 559, § 38.1-746; 1986, c. 562.

Amended by Acts 1986, § c. 562.

Amended by Acts 1968, § c. 559, §38.1-746.