VA| Administrative Order No. 12196, issued by the Commonwealth of Virginia State Corporation Commission’s Bureau of Insurance on March 11, 2025. It approves amendments to the Virginia Automobile Insurance Plan’s manual of rules and rates, specifically eliminating the gross receipts rating basis and adopting Specified Auto Rating as the new method. These changes, proposed by the Automobile Insurance Plans Service Office, impact rules such as 51.C.3, 55, and others, along with associated worksheets and examples. The amendments are deemed consistent with Virginia laws and will apply to new and renewal policies effective on or after April 1, 2025. Copies of the order are directed to relevant parties, including the Automobile Insurance Plans Service Office and Virginia Automobile Insurance Plan leadership.
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