Virginia § 46.2-466 - Regulations for assignment, rate classifications, and schedules
Full text of Virginia Code of Virginia § 46.2-466 — Regulations for assignment, rate classifications, and schedules, with citation guidance and answers to common questions.
§ 46.2-466. Regulations for assignment, rate classifications, and schedules
The Commission may make reasonable regulations for the assignment of risks to insurance carriers.
It shall establish rate classifications, rating schedules, rates, and regulations to be used by insurance carriers issuing assigned risk, policies of motor vehicle liability, physical damage, and medical payments insurance in accordance with this chapter as appear to it to be proper.
In the establishment of rate classifications, rating schedules, rates, and regulations, it shall be guided by the principles and practices which have been established under its statutory authority to regulate motor vehicle liability, physical damage, and medical payments insurance rates and it may act in conformity with its statutory discretionary authority in such matters.
Code 1950, § 46-487; 1958, c. 541, § 46.1-498; 1972, c. 842; 1989, c. 727.
Frequently Asked Questions About Virginia § 46.2-466
What does Code of Virginia § 46.2-466 cover?
Section 46.2-466 ("Regulations for assignment, rate classifications, and schedules") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 46.2-466?
A common citation format is "Code of Virginia § 46.2-466" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 46.2-466 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.