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1995 SESSION
LD4623297Be it enacted by the General Assembly of Virginia:
1. That § 38.2-2217 of the Code of Virginia is amended and reenacted as follows:
§ 38.2-2217. Reduction in rates for certain persons fifty-five years of age and older.
A. Any schedule of rates, rate classifications or rating plans for motor
vehicle insurance as defined in § 38.2-2212 filed with the Commission shall
provide for an appropriate reduction in premium charges for those insured
persons who are fifty-five years of age and older and who qualify as
provided in this subsection. Only those insured persons who have
successfully completed a motor vehicle accident prevention course approved by
the Department of Motor Vehicles. Such persons shall qualify for
a three-year period after the completion of the course for the reduction in
rates. No reduction in premiums shall be allowed for a self-instructed course
or for any course that does not provide actual classroom instruction for a
minimum number of hours as determined by the Department of Motor Vehicles.
B. The Commission and the Department of Motor Vehicles may promulgate rules and regulations which will assist them in carrying out the provisions of this section.
C. All insurers writing motor vehicle insurance in Virginia as defined in § 38.2-2212 shall allow an appropriate reduction in premium charges to all eligible persons subject to the provisions of this section.
D. Upon successfully completing the approved course, the course's sponsor shall issue to each participant a certificate approved by the Department of Motor Vehicles which shall be evidence of qualification for the reduction in premium charges.
E. Each participant shall take an approved course every three years in order to continue to be eligible for the reduction in premium charges.
F. Nothing in this section prevents an insurer from offering
appropriately reduced rates based solely on age to an insured person over the
age of fifty-five years.