Any purchasing group meeting the criteria established under the provisions of the federal Liability Risk Retention Act of 1986 shall be exempt from any law of this Commonwealth relating to the creation of groups for the purchase of insurance, prohibition of group purchasing, or any law that would discriminate against a purchasing group or its members. A purchasing group shall be subject to all other applicable laws of this Commonwealth.
1987, c. 585.
Structure Code of Virginia
Chapter 51 - Risk Retention Groups and Purchasing Groups
§ 38.2-5102. Risk retention groups chartered in this Commonwealth
§ 38.2-5103. Risk retention groups not chartered in this Commonwealth
§ 38.2-5107. Insurers; exemptions from certain laws relating to the group purchase of insurance
§ 38.2-5108. Notice and registration requirements of purchasing groups
§ 38.2-5109. Restrictions on insurance purchased by purchasing groups
§ 38.2-5110. Commission's authority regarding risk retention groups and purchasing groups
§ 38.2-5112. Duty on agents or brokers
§ 38.2-5113. Financial responsibility policy form or coverage requirements
§ 38.2-5114. Application of other state laws to persons or corporations
§ 38.2-5115. Binding effect of orders issued in U.S. District Court