Virginia Code

Va. Code Ann. § 38.2-5110 (2026)

Commission's authority regarding risk retention groups and purchasing groups

✓ current as of May 2026

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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.

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

Notes of Decisions

Cited in 1 case, 1993–1993 · leading case: Nat'l Home Ins. v. State Corp. Comm'n, 838 F. Supp. 1104 (E.D. Va. 1993).

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Nat'l Home Ins. v. State Corp. Comm'n, 838 F. Supp. 1104 (E.D. Va. 1993). · cites it 6× “Finally, the SCC has specific regulatory jurisdiction over risk retention groups pursuant to Va.Code §§ 38.2-5110 et seq. (1990 and Supp.”

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