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
The General Assembly hereby finds and determines that insurance protection is essential to the proper functioning of political subdivisions; that the resources of political subdivisions ...

15.2-2701 Definition
For the purposes of this chapter, "political subdivision" means any county, city, or town, school board, Transportation District Commission, or any other local governmental authority ...

15.2-2702 Commonwealth and agencies thereof authorized to exercise powers under this chapter
The Commonwealth, or any agency of the Commonwealth, is authorized to exercise any of the powers granted to political subdivisions by this chapter, and when ...

15.2-2703 Group self-insurance pools authorized
A. Any political subdivision of this Commonwealth may, by contract with one or more political subdivisions of this Commonwealth or of another state, form a ...

15.2-2704 Powers of group self-insurance pool; self-insurer for motor vehicle security; surety
A group self-insurance pool, for the purposes of carrying on the business of the group self-insurance pool whether or not a body corporate, shall have ...

15.2-2705 Required provisions in contract; election of governing authority; financial plan; management pla...
Any intergovernmental contract entered into pursuant to this chapter for the purpose of establishing a group self-insurance pool shall provide: 1. For election by pool ...

15.2-2706 State Corporation Commission approval required
The formation and operation of a group self-insurance pool under this section shall be subject to approval by the State Corporation Commission which may, after ...

15.2-2707 Filing of annual financial statements, deficit correction financial plan with State Corporation Com...
Each group self-insurance pool created in the Commonwealth shall file with the State Corporation Commission and with the members of the pool audited financial statements ...

15.2-2708 Exemptions from disclosure
Information regarding that portion of the funds or liability reserve of a pool established for purposes of satisfying a specific pending and unresolved claim or ...

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, ...