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2005 SESSION

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HJ 705 Medical malpractice insurance rates; SCC to study whether State should require prior approval.

Introduced by: Viola O. Baskerville | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Study; prior approval of medical malpractice insurance rates; report.  Requests the State Corporation Commission to study whether Virginia should require prior approval of medical malpractice liability insurance rates. Currently, such rates are subject to "file and use" rules. The study is to estimate the likely effect of requiring prior approval on such insurance rates and premiums and to assess the likely effects of requiring prior approval of such rates on the availability as well as the affordability of such insurance. The study is to be completed by June 1, 2005.


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