All high-volume arbitration service providers shall annually file with the State Corporation Commission a report that contains the following information:

1. 1. The total number of arbitrations involving Virginia-connected transactions conducted in the preceding calendar year;
2. 2. A description of the arbitration selection procedures utilized; and
3. 3. If collected, statistical data regarding arbitrator selection outcomes and the satisfaction rates of the parties involved.

2026, c. 490.