CHAPTER 299

An Act to amend and reenact § 88.1-264, as amended, of the Code of
Virginia, relating to agreements for the equitable apportionment of
insurance involving other than desirable risks. H 541

[ j

Approved March 31, 1966

Be it enacted by the General Assembly of Virginia:

1. That § 38.1-264, as amended, of the Code of Virginia, be amended
and reenacted as follows:

§ 38.1-264. Agreements may be made among insurers with respect
to the equitable apportionment among them of insurance which may be
afforded applicants who are in good faith entitled to but who are unable
to procure such insurance through ordinary methods and such insurers
may agree among themselves on the use of reasonable rate modifications
for such insurance, such agreements and rate modifications to be subject
to the approval of the Commission. *