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Va. Code Ann. § 38.2-5110

Commission's authority regarding risk retention groups and purchasing groups

Applied in 1 court decision — leading case National Home Insurance v. State Corp. Commission (1993)

Most recently applied in National Home Insurance v. State Corp. Commission (December 1993)

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

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.

Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.