§ 38.2-3420. Authority and jurisdiction of Commission; exception
A. Except as provided in subsection B, any person offering or providing coverage in the Commonwealth for health care services, whether the coverage is by direct payment, reimbursement, or otherwise, shall be presumed to be subject to the jurisdiction of the Commission to the extent the person is not regulated by another agency of the Commonwealth, any subdivision of the Commonwealth, or the federal government relating to the offering or providing of coverage for health care services.
B. Neither the provisions of this section nor any other provision of this title shall be construed to affect or apply to a multiple employer welfare arrangement (MEWA) comprised only of banks and their employees, provided the multiple employer welfare arrangement (i) is duly licensed as a MEWA by the insurance regulatory agency of a state contiguous to the Commonwealth, (ii) files with the Commission a copy of its certificate of authority or other proper license from the contiguous state, and (iii) has no more than 50 Virginia residents who are employees of its member banks enrolled in or receiving accident and sickness benefits as insureds, members, enrollees, or subscribers of the MEWA. For purposes of this subsection, a "bank" shall be defined as an institution that has or is eligible for insurance of deposits by the Federal Deposit Insurance Corporation.
(1983, c. 417, § 38.1-43.7; 1986, c. 562; 1990, c. 477; 2004, c. 236.)
Sections: Previous 38.2-3418.10 38.2-3418.11 38.2-3418.12 38.2-3418.13 38.2-3418.14 38.2-3419 38.2-3419.1 38.2-3420 38.2-3421 38.2-3422 38.2-3423 38.2-3424 38.2-3424.1 38.2-3425 38.2-3430.1 NextLast modified: April 3, 2009