A. No person, firm or corporation, which is engaged as an administrator for a group self-insurance association, shall be an employee, officer or director of, or have a direct or indirect financial interest in any person, firm or corporation which is engaged in the business of providing services for a group self-insurance association as a service company.
B. No person, firm or corporation, which is engaged in the business of providing services for a group self-insurance association as a service company, shall be an employee, officer or director of, or have a direct or indirect financial interest in, any person, firm or corporation which is engaged as an administrator for a group self-insurance association.
C. For purposes of this section, the term "firm" or "corporation" shall include any officer, director, or employee of any such firm or corporation.
D. This section shall not be construed to affect any contract, or extensions or renewals thereof, for services as an administrator or service company entered into by a group self-insurance association and effective prior to January 1, 1989.
1989, c. 662, § 65.1-104.3; 1991, c. 355.
Structure Code of Virginia
Title 65.2 - Workers' Compensation
Chapter 8 - Insurance and Self-Insurance
§ 65.2-800. Duty to insure payment of compensation; effect of insurance
§ 65.2-801. Insurance or proof of financial ability to pay required
§ 65.2-802. Requirements for licensure as group self-insurance association; annual assessment
§ 65.2-803. Administrator and service company affiliation prohibited; exception
§ 65.2-803.1. Requirements for registration as professional employer organization; annual assessment
§ 65.2-804. Evidence of compliance with title; notices of cancellation of insurance
§ 65.2-805. Civil penalty for violation of §§ 65.2-800, 65.2-803.1, and 65.2-804
§ 65.2-806. Criminal penalties
§ 65.2-807. Cost of insurance may not be deducted from wages
§ 65.2-808. Self-insurance certificate
§ 65.2-809. Constructive notice to, jurisdiction of, and awards, etc., binding upon insurer
§ 65.2-810. How formal notice may be given
§ 65.2-811. Liability of insurer
§ 65.2-812. Subrogation of insurance carrier to employer's rights; compromise
§ 65.2-813. Insurance deemed subject to title; approval of forms
§ 65.2-813.1. Insurers offering policies with deductibles
§ 65.2-813.2. Premium discounts; drug-free workplace programs
§ 65.2-814. Insurer to furnish written evidence of coverage on request
§ 65.2-815. Group self-insurance association required to furnish written evidence of membership
§ 65.2-816. Title not applicable to boiler, etc., insurance
§ 65.2-818. Minimum standards of service for insurers
§ 65.2-819. Penalty for violation of certain provisions
§ 65.2-821.1. Payment and reimbursement practices; prohibitions
§ 65.2-822. Action by State Corporation Commission upon application