46.2-464 - Application for assignment of risk to insurance carrier.
§ 46.2-464. Application for assignment of risk to insurance carrier.
Every person who has been unable to obtain a motor vehicle liability policyshall have the right to apply to the State Corporation Commission to have hisrisk assigned to an insurance carrier licensed to write and writing motorvehicle liability insurance in the Commonwealth and the insurance carrier,whether a stock or mutual company, reciprocal, or interinsurance exchange, orother type or form of insurance organization, as provided in this articleshall issue a motor vehicle liability policy which will meet at least theminimum requirements for establishing financial responsibility as provided inthis chapter, and in addition shall provide, at the option of the insured,reasonable motor vehicle physical damage and medical payments coverages,(both as defined in § 38.2-124) in the same policy.
Every person who has otherwise obtained a motor vehicle liability insurancepolicy, or who has been afforded motor vehicle liability insurance under theprovisions of § 38.2-2015, but who was not afforded motor vehicle medicalpayments insurance or motor vehicle physical damage insurance in the samepolicy, or who was not afforded such coverages under the provisions of thatsection, shall have the right to apply to the Commission to have his riskassigned to an insurance carrier, as provided above, licensed to write andwriting either or both coverages, and the insurance carrier shall issue apolicy providing the coverage or coverages applied for.
(Code 1950, § 46-486; 1958, c. 541, § 46.1-497; 1972, c. 842; 1974, c. 88;1989, c. 727.)