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Rules Governing Local Government Group Self-Insurance Pools | Midpage
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Virginia Administrative Code
Title 14
5
Chapter 360
Rules Governing Local Government Group Self-Insurance Pools
10
Purpose.
20
Definitions.
30
Application for license as group self-insurance pool; requirements; approval; review.
40
Application for license; additional requirements.
45
Security deposit requirement.
50
Investments.
60
Filing of reports; examination by commission.
70
Reserves.
80
Responsibilities of members' supervisory board.
90
Contribution requirements.
100
Distribution of surplus funds.
110
Member agreement.
120
Servicing of pool.
130
Handling of pool deficit.
140
Termination of pool members.
150
Terms of license; voluntary dissolution of pool; mergers.
160
Revocation or suspension of self-insurance license.
170
Application of Unfair Trade Practices Act; Insurance Information and Privacy Protection Act.
180
Penalties.
190
Severability.