14VAC5-200-195. Rate increase hearings.
The commission may, at its sole discretion and as a condition of approval, conduct a public hearing or order an insurer to present information concerning its premium rate increase submission before the commission if it determines that a hearing or presentation is in the public interest. One consideration for a hearing may be the percentage or level of premium rate increase requested.
Statutory Authority
§§ 12.1-13, 38.2-223, and 38.2-5202 of the Code of Virginia.
Historical Notes
Derived from Virginia Register Volume 31, Issue 18, eff. September 1, 2015.
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