Excess rate for specific risk

Va. Code Ann. § 38.2-2013, under Chapter 20. Regulation of Rates for Certain Types of Insurance..

Va. Code Ann. § 38.2-2013

Subject to the Commission's approval, a rate in excess of that provided by an applicable filing may be used for a specific risk upon the filing of (i) written application of an insurer stating its reasons for the increased rate, accompanied by (ii) the written consent of the insured or prospective insured.