Code of Virginia - Title 38.2 Insurance - Chapter 29 Commercial Liability Insurance Joint Underwriting Association

38.2-2900 Definitions
As used in this chapter: "Association" means the joint underwriting association established pursuant to the provisions of this chapter. "Commercial liability insurance" means the commercial ...

38.2-2900.1 Market assistance plan
The Commission may authorize the formation of a voluntary market assistance plan to assist in the individual placement of coverage for any lines, subclassifications, or ...

38.2-2901 Association activation; members; purpose; determinations by Commission; powers of Associatio...
A. After investigation, notice, and hearing, the Commission shall be empowered to activate a Joint Underwriting Association with respect to any line, subclassification or type ...

38.2-2902 Dissolution
A. When the Association has ceased all of its underwriting operations by order of the Commission under subdivision 2 of subsection C of § 38.2-2901, ...

38.2-2903 Directors
A. The Association shall be governed by a board of eleven directors, including one who shall be elected chairman. Two directors shall be appointed by ...

38.2-2904 Plan of operation
A. Within forty-five days after appointment of the members of the board, the directors of the Association shall submit to the Commission for review a ...

38.2-2905 Policy forms; applicants to be issued policies; cancellation of policies; rates; group retrospectiv...
A. All policies issued by the Association shall be subject to the group retrospective premium adjustment and to the stabilization reserve fund required by § ...

38.2-2906 Stabilization reserve fund
A. When an Association is activated under this chapter, a stabilization reserve fund shall be created for the lines, subclassifications and types of commercial liability ...

38.2-2907 Participation in Association by insurers
Each insurer that is a member of the Association shall participate in the contributions to finance the operation of the Association in the proportion that ...

38.2-2908 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 ...

38.2-2909 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 ...

38.2-2910 Annual examination into affairs of Association
The Commission shall examine the affairs of the Association at least annually. The examination shall be conducted and the report of the examination filed in ...

38.2-2911 Public officers or employees
No member of the board of directors of the Association or of the board of directors of the stabilization reserve fund who is a public ...

38.2-2912 Commissions for placing and servicing risk with Association
For any policy issued by the Association, the commission payable to the person that places the risk with the Joint Underwriting Association or services the ...

38.2-2913 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 ...