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The State Corporation Commission, or SCC, is a Virginia (USA) regulatory agency whose authority encompasses utilities, insurance, state-chartered financial institutions, securities, retail franchising, and railroads.
The NAIC is not a regulator; while its members are the insurance commissioners (i.e., the chief insurance regulators) of each U.S. state and six territories, [1] the NAIC is a non-governmental organization that concerns itself with insurance regulatory matters but does not actually regulate. The states have not delegated their regulatory ...
New minimum car insurance liability limits: 50/100/25. Change effective Jan. 1, 2025. The 2025 minimum coverage increase is phase two of Virginia’s car insurance overhaul. Up until June 2024 ...
The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department. Insurance law and regulation is established individually by each state. In order to better coordinate insurance regulation among the states and territories, insurance commissioners are members of the National Association of Insurance ...
If you choose to purchase a car insurance policy instead, it must comply with Virginia auto insurance requirements. For policies effective January 1, 2022 to December 31, 2024, drivers must carry ...
Until July 2024, most drivers can operate a vehicle without car insurance in Virginia if they pay an uninsured vehicle fee of $500 to the Department of Motor Vehicles (DMV). This fee does not ...
The "Virginia Workmen's Compensation Act" was renamed "Virginia Workers' Compensation Act" in 1983. The Commission was statutorily directed by the General Assembly to administer the Birth-Related Neurological Injury Compensation Program which was created by The Virginia Birth-Related Neurological Injury Compensation Act in 1987.
The current minimum amount of auto insurance required in Virginia is $25,000 in liability coverage per person, $50,000 per accident and $20,0000 in property damage.