77032438.2-1906Virginia Decodedhttps://vacode.org2016InsuranceRegulation Of Rates GenerallyFiling and use of rates1973, c. 504, § 38.1-279.34; 1976, c. 278; 1986, c. 562; 1987, c. 697; 1990, cc. 596, 597; 1993, c. 985; 1997, c. 199; 2004, c. 838; 2005, c. 95; 2015, c. 619; 2016, c. 277.Gahres v. Phico Ins. Co.Civ. A. No. 87-637-A672 F. Supp. 2491987-10-16https://www.courtlistener.com/opinion/2091194/gahres-v-phico-ins-co/ . . . improvidently issued.[5] . . . District Court, E.D. Virginiahttp://law.lis.virginia.gov/vacode/38.2-1906/38.2-119Workers' compensation and employers' liability/38.2-119/38.2-1904Rate standards/38.2-1904/38.2-1908Rate making and delegation of filing obligation/38.2-1908/38.2-1912Delayed effect of rates; certification of reinsurance with affiliated company/38.2-1912/38.2-1912.1Approval of prospective loss costs and supplementary rate information; § 38.2-119 rate filings/38.2-1912.1/38.2-1914Licensing of rate service organizations/38.2-1914//38.2-1906/38.2/19/38.2-190638.2-190838.2-1912.1Each authorized insurer subject to the provisions of this chapter shall file with the Commission all rates and supplementary rate information and all changes and amendments to the rates and supplementary rate information made by it for use in the Commonwealth on or before the date they become effective.In cases where the Commission has made a determination pursuant to § 38.2-1912 that competition is not an effective regulator of rates for a line or subclassification of insurance, such rates, supplementary rate information, changes and amendments to rates and supplementary rate information for that line or subclassification shall be filed in accordance with and shall be subject to the provisions of § 38.2-1912.sectionAA1Each rate service organization licensed under § 38.2-1914 that has been designated by an insurer for the filing of prospective loss costs or supplementary rate information under § 38.2-1908 shall file with the Commission all prospective loss costs or supplementary rate information and all changes and amendments to the prospective loss costs or supplementary rate information made by it for use in the Commonwealth on or before the date they become effective. Prospective loss costs and supplementary rate information for insurance defined in § 38.2-119 must comply with the provisions of § 38.2-1912.1 prior to being used by an insurer in a filing establishing or changing its rate.sectionBB1Prospective loss costs filings and supplementary rate information filed by rate service organizations shall not contain final rates, minimum premiums, or minimum premium rules.sectionCC1No insurer shall make or issue an insurance contract or policy of a class to which this chapter applies, except in accordance with the rate and supplementary rate information filings that are in effect for the insurer.sectionDD1For insurance as defined in § 38.2-119 any authorized insurer that does not rely on prospective loss costs or supplementary rate information filed by a rate service organization shall comply with the filing provisions of § 38.2-1912 as if competition was not an effective regulator of rates.sectionEE1