{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-2700.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-2700.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-2700.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-2700.html"}],"law_id":74035,"edition_id":1,"section_id":74035,"structure_id":15499,"section_number":"15.2-2700","catch_line":"Declaration of policy, findings and purpose","history":"1986, cc. 520, 556, \u00a7 15.1-503.4:1; 1997, c. 587.","full_text":"The General Assembly hereby finds and determines that insurance protection is essential to the proper functioning of political subdivisions; that the resources of political subdivisions are burdened by the high cost of and frequent inability to secure such protection through standard carriers; that proper risk management requires the spreading of risk so as to minimize fluctuation in insurance needs; and that, therefore, all contributions of financial and administrative resources made by a political subdivision pursuant to an intergovernmental contract as authorized by this chapter are made for a public and governmental purpose, and that such contributions benefit each contributing political subdivision.","order_by":null,"text":{"0":{"id":266287,"text":"The General Assembly hereby finds and determines that insurance protection is essential to the proper functioning of political subdivisions; that the resources of political subdivisions are burdened by the high cost of and frequent inability to secure such protection through standard carriers; that proper risk management requires the spreading of risk so as to minimize fluctuation in insurance needs; and that, therefore, all contributions of financial and administrative resources made by a political subdivision pursuant to an intergovernmental contract as authorized by this chapter are made for a public and governmental purpose, and that such contributions benefit each contributing political subdivision.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15499,"edition_id":1,"name":"Local Government Group Self-Insurance Pools","identifier":"27","label":"chapter","depth":3,"order_by":1,"parent_id":12733,"metadata":{},"date_created":"2026-06-26 03:55:35","date_modified":"2026-06-26 03:55:35","permalink":{"id":156215,"object_type":"structure","relational_id":15499,"identifier":"27","token":"15.2\/II\/27","url":"\/15.2\/II\/27\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12733,"edition_id":1,"name":"Powers of Local Government","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12720,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":152369,"object_type":"structure","relational_id":12733,"identifier":"II","token":"15.2\/II","url":"\/15.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12720,"edition_id":1,"name":"Counties, Cities and Towns","identifier":"15.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":151279,"object_type":"structure","relational_id":12720,"identifier":"15.2","token":"15.2","url":"\/15.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":74035,"structure_id":15499,"section_number":"15.2-2700","catch_line":"Declaration of policy, findings and purpose","url":"\/15.2-2700\/","token":"15.2\/II\/27\/15.2-2700","metadata":false},{"id":59067,"structure_id":15499,"section_number":"15.2-2701","catch_line":"Definition","url":"\/15.2-2701\/","token":"15.2\/II\/27\/15.2-2701","metadata":false},{"id":78613,"structure_id":15499,"section_number":"15.2-2702","catch_line":"Commonwealth and agencies thereof authorized to exercise powers under this chapter","url":"\/15.2-2702\/","token":"15.2\/II\/27\/15.2-2702","metadata":false},{"id":81205,"structure_id":15499,"section_number":"15.2-2703","catch_line":"Group self-insurance pools authorized","url":"\/15.2-2703\/","token":"15.2\/II\/27\/15.2-2703","metadata":false},{"id":77220,"structure_id":15499,"section_number":"15.2-2704","catch_line":"Powers of group self-insurance pool; self-insurer for motor vehicle security; surety","url":"\/15.2-2704\/","token":"15.2\/II\/27\/15.2-2704","metadata":false},{"id":66419,"structure_id":15499,"section_number":"15.2-2705","catch_line":"Required provisions in contract; election of governing authority; financial plan; management plan","url":"\/15.2-2705\/","token":"15.2\/II\/27\/15.2-2705","metadata":false},{"id":72261,"structure_id":15499,"section_number":"15.2-2706","catch_line":"State Corporation Commission approval required","url":"\/15.2-2706\/","token":"15.2\/II\/27\/15.2-2706","metadata":false},{"id":81139,"structure_id":15499,"section_number":"15.2-2707","catch_line":"Filing of annual financial statements, deficit correction financial plan with State Corporation Commission required","url":"\/15.2-2707\/","token":"15.2\/II\/27\/15.2-2707","metadata":false},{"id":84013,"structure_id":15499,"section_number":"15.2-2708","catch_line":"Exemptions from disclosure","url":"\/15.2-2708\/","token":"15.2\/II\/27\/15.2-2708","metadata":false},{"id":83025,"structure_id":15499,"section_number":"15.2-2709","catch_line":"Group self-insurance pool not an insurer","url":"\/15.2-2709\/","token":"15.2\/II\/27\/15.2-2709","metadata":false}],"next_section":{"id":59067,"structure_id":15499,"section_number":"15.2-2701","catch_line":"Definition","url":"\/15.2-2701\/","token":"15.2\/II\/27\/15.2-2701","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2700\/","history_text":"

This law was first created in 1986. The record of its establishment is cataloged in chapters 520 and 556 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1986 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1997, chapter 587<\/a>.<\/p>","references":[{"id":67541,"section_number":"65.2-605","catch_line":"Liability of employer for medical services ordered by Commission; fee schedules for medical services; malpractice; assistants-at-surgery; coding","order_by":null,"url":"\/65.2-605\/"}],"refers_to":false,"permalink":{"id":156217,"object_type":"law","relational_id":74035,"identifier":"15.2-2700","token":"15.2\/II\/27\/15.2-2700","url":"\/15.2-2700\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-2700\/","token":"15.2\/II\/27\/15.2-2700","dublin_core":{"Title":"Declaration of policy, findings and purpose","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2700","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The General Assembly hereby finds and determines that insurance protection is essential to the proper functioning of political subdivisions; that the resources of political subdivisions are burdened by the high cost of and frequent inability to secure such protection through standard carriers; that proper risk management requires the spreading of risk so as to minimize fluctuation in insurance needs; and that, therefore, all contributions of financial and administrative resources made by a political subdivision pursuant to an intergovernmental contract<\/span> as authorized by this chapter are made for a public and governmental purpose, and that such contributions benefit each contributing political subdivision.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDECLARATION OF POLICY, FINDINGS AND PURPOSE (\u00a7 15.2-2700)\n\nThe General Assembly hereby finds and determines that insurance protection is\nessential to the proper functioning of political subdivisions; that the\nresources of political subdivisions are burdened by the high cost of and\nfrequent inability to secure such protection through standard carriers; that\nproper risk management requires the spreading of risk so as to minimize\nfluctuation in insurance needs; and that, therefore, all contributions of\nfinancial and administrative resources made by a political subdivision pursuant\nto an intergovernmental contract as authorized by this chapter are made for a\npublic and governmental purpose, and that such contributions benefit each\ncontributing political subdivision.\n\nHISTORY: 1986, cc. 520, 556, \u00a7 15.1-503.4:1; 1997, c. 587.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}