Code of Virginia - Title 38.2 Insurance - Chapter 28 Medical Malpractice Joint Underwriting Association

38.2-2800 Definitions
As used in this chapter: "Association" means the joint underwriting association established pursuant to the provisions of this chapter. "Incidental coverage" means any other type ...

38.2-2801 Association activation; members; purpose; determinations by Commission; powers of associatio...
A. The Commission shall activate a joint underwriting association if, after investigation, notice, and hearing, it finds that medical malpractice insurance cannot be made reasonably ...

38.2-2802 Dissolution
A. When the association has ceased all of its underwriting operations by order of the Commission under subsection C of § 38.2-2801, it shall be ...

38.2-2803 Directors
A. The association shall be governed by a board of fourteen directors. Two directors shall be appointed by each of the following three insurance industry ...

38.2-2804 Plan of operation
A. Within forty-five days of the date the Commission makes a determination to activate a joint underwriting association pursuant to subsection A of § 38.2-2801, ...

38.2-2805 Medical and hospital advisory committees
The Commission shall appoint a medical advisory committee to the association composed of five physicians licensed to practice medicine in this Commonwealth and a hospital ...

38.2-2806 Policy forms; applicants to be issued policies; cancellation of policies; rates; examination of bus...
A. All policies issued by the association shall be subject to the group retrospective premium adjustment and to the stabilization reserve fund required by § ...

38.2-2807 Stabilization reserve fund
A. When an association is activated under § 38.2-2801, a stabilization reserve fund shall be created. The fund shall be administered by five directors appointed ...

38.2-2808 Participation in association by insurers
Each insurer that is a member of the association shall participate in the temporary contributions to finance the operation of the association in the proportion ...

38.2-2809 Review of actions or decisions of association
Any insurer, applicant or other person aggrieved by any action or decision of the association or of any insurer as a result of its participation ...

38.2-2810 Annual statements
The association shall file an annual statement with the Commission within three months of the close of each fiscal year. The annual statement shall contain ...

38.2-2811 Examination into affairs of association
The Commission shall examine the affairs of the association pursuant to § 38.2-1317. The examination shall be performed in the manner prescribed in §§ 38.2-1317 ...

38.2-2812 Public officers or employees
No member of the board of directors of the stabilization reserve fund who is a public officer or employee shall forfeit his office or employment, ...

38.2-2813 Commissions for placing and servicing risk with association
For any medical malpractice insurance or incidental coverage policy issued by the association, the commission payable to the person that places the risk with the ...

38.2-2814 Liability
There shall be no liability imposed on the part of and no civil cause of action of any nature shall arise against the association or ...