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  • Chapter 51: Risk Retention Groups and Purchasing Groups

Risk Retention Groups and Purchasing Groups

This is the 2025 edition of the code. There is not the current edition. Browse all editions.

This is Chapter 51 of the Code of Virginia, titled “Risk Retention Groups and Purchasing Groups.” It is part of Title 38.2 “Insurance”.

It’s comprised of the following 16 sections.

§ 38.2-5100 Purpose
§ 38.2-5101 Definitions
§ 38.2-5102 Risk retention groups chartered in this Commonwealth
§ 38.2-5103 Risk retention groups not chartered in this Commonwealth
§ 38.2-5104 Associations
§ 38.2-5105 Repealed
§ 38.2-5106 Purchasing groups; exemption from certain laws relating to the group purchase of insurance
§ 38.2-5107 Insurers; exemptions from certain laws relating to the group purchase of insurance
§ 38.2-5108 Notice and registration requirements of purchasing groups
§ 38.2-5109 Restrictions on insurance purchased by purchasing groups
§ 38.2-5110 Commission's authority regarding risk retention groups and purchasing groups
§ 38.2-5111 Penalties
§ 38.2-5112 Duty on agents or brokers
§ 38.2-5113 Financial responsibility policy form or coverage requirements
§ 38.2-5114 Application of other state laws to persons or corporations
§ 38.2-5115 Binding effect of orders issued in U.S. District Court

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