The purposes of this chapter are:\n1. To assure stability in the property insurance market of this Commonwealth;\n2. To assure the availability of basic property insurance for qualified property;\n3. To encourage maximum use of the voluntary insurance market provided by licensed insurers in obtaining basic property insurance; and\n4. To provide for the equitable distribution among licensed insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the voluntary insurance market.\n1968, c. 559, § 38.1-746; 1986, c. 562.
Virginia Legal Code