Virginia Automobile Insurance Plan Amendment

VA | The Virginia State Corporation Commission Bureau of Insurance has issued Administrative Order No. 12180. The purpose of the order is to amend the Virginia Automobile Insurance Plan’s manual of rules and rates to provide for writing insurance upon applicants assigned by the Virginia Automobile Insurance Plan.

By submission received from the Automobile Insurance Plans Service Office on September 18,
2023, the Virginia Automobile Insurance Plan, on behalf of its members, requested approval of the following revisions to the personal auto manual:

Rule 27 for Uninsured Including Underinsured Motorists Insurance is revised to eliminate the rounding procedure. Rating worksheets have been amended to eliminate rounding down for Uninsured Including Underinsured Motorist.

Now, the Commissioner of Insurance, having considered the recommendation of the staff of the Bureau of Insurance, that the proposed filing is proper and not in conflict or inconsistent with the laws of Virginia, finds and orders that:

(1) the proposed amendments are approved in Virginia for use by the members to the Virginia Automobile Insurance Plan, for new and renewal policies effective on and after May 1, 2024; and
(2) an attested copy of this order be sent to the Automobile Insurance Plans Service Office, 302 Central Avenue, Johnston, Rhode Island 02919-5095; to Sandy Crayton, Manager, Virginia Automobile Insurance Plan, P.O. Box 6530, Providence, Rhode Island, 02940-6530; and to the Deputy Commissioner of Insurance of the Property and Casualty Division.