Any group self-insurance pool organized pursuant to this chapter is not an insurance company or insurer under the laws of the Commonwealth. The development, administration, and provision of group self-insurance programs and coverages authorized by this chapter by the governing authority created to administer the pool does not constitute doing an insurance business.
However, a group self-insurance pool shall be subject to the provisions of Chapters 5, Unfair Trade Practices and 6, Insurance Information and Privacy Protection Act of Title 38.2.
1986, cc. 520, 556, § 15.1-503.4:9; 1997, c. 587.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 27 - Local Government Group Self-Insurance Pools
§ 15.2-2700. Declaration of policy, findings and purpose
§ 15.2-2702. Commonwealth and agencies thereof authorized to exercise powers under this chapter
§ 15.2-2703. Group self-insurance pools authorized
§ 15.2-2704. Powers of group self-insurance pool; self-insurer for motor vehicle security; surety
§ 15.2-2706. State Corporation Commission approval required