CODE OF VIRGINIA

GROUP SELF-INSURANCE POOL NOT AN INSURER (§ 15.2-2709)

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.

HISTORY: 1986, cc. 520, 556, § 15.1-503.4:9; 1997, c. 587.