§ 15.2-2709. Group self-insurance pool not an insurer
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.)
Sections: Previous 15.2-2700 15.2-2701 15.2-2702 15.2-2703 15.2-2704 15.2-2705 15.2-2706 15.2-2707 15.2-2708 15.2-2709Last modified: April 2, 2009