Code of Virginia - Title 38.2 Insurance - Section 38.2-5110 Commission's authority regarding risk retention groups and purchasing groups

§ 38.2-5110. Commission's authority regarding risk retention groups and purchasing groups

The Commission is authorized to make use of any of the powers established under Titles 12.1 and 38.2 to enforce the laws of this Commonwealth so long as those powers are not specifically preempted by the Product Liability Risk Retention Act of 1981, as amended by the Risk Retention Amendments of 1986. This includes, but is not limited to, the Commission's power to investigate, issue subpoenas, conduct depositions and hearings, issue orders, and impose penalties. The Commission shall be deemed a state court of competent jurisdiction, independent of its Bureau of Insurance, in all judicial proceedings to enforce the provisions of this chapter.

(1987, c. 585; 1995, c. 843.)

Sections:  Previous  38.2-5101  38.2-5102  38.2-5103  38.2-5104  38.2-5105  38.2-5106  38.2-5107  38.2-5108  38.2-5109  38.2-5110  38.2-5111  38.2-5112  38.2-5113  38.2-5114  38.2-5115  Next

Last modified: April 3, 2009