{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-2704.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-2704.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-2704.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-2704.html"}],"law_id":77220,"edition_id":1,"section_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","history":"1986, cc. 520, 556, \u00a7 15.1-503.4:4; 1997, c. 587; 2003, c. 566.","full_text":"A group self-insurance pool, for the purposes of carrying on the business of the group self-insurance pool whether or not a body corporate, shall have the power to sue and be sued, to make contracts, to hold and dispose of real and personal property, and to borrow money, contract debts, and pledge assets in the name of the group self-insurance pool. The assets of any group self-insurance pool established pursuant to this chapter shall be invested in those securities and investments permitted by regulation adopted by the State Corporation Commission for group self-insurance pools.\n\t\tA group self-insurance pool shall be deemed a self-insurer for motor vehicle security under \u00a7 46.2-368. Members of the pool participating in the motor vehicle self-insurance provided by the pool shall be deemed to meet the requirements of security as required and an application for a certificate of self-insurance under \u00a7 46.2-368 shall not be required. Additionally, a group self-insurance pool shall not be subject to the provisions of \u00a7 38.2-2206 relating to uninsured motorist coverage unless it elects by resolution of its governing authority to provide such coverage to its pool members.\n\t\tThe provisions of any statute or charter requiring a public official to post bond or obtain a surety bond, the premium on which may lawfully be paid by a public agency of the Commonwealth, may be satisfied with surety or fidelity insurance coverage furnished by a group self-insurance pool organized under this chapter, including any deductible amount or other portion self-insured by the public agency itself.\n\t\tThe power to enter into intergovernmental contracts under \u00a7 15.2-2703 specifically includes the power to establish the pool as a separate legal or administrative entity for purposes of effectuating group self-insurance pool agreements.","order_by":null,"text":{"0":{"id":277023,"text":"A group self-insurance pool, for the purposes of carrying on the business of the group self-insurance pool whether or not a body corporate, shall have the power to sue and be sued, to make contracts, to hold and dispose of real and personal property, and to borrow money, contract debts, and pledge assets in the name of the group self-insurance pool. The assets of any group self-insurance pool established pursuant to this chapter shall be invested in those securities and investments permitted by regulation adopted by the State Corporation Commission for group self-insurance pools.\n\t\tA group self-insurance pool shall be deemed a self-insurer for motor vehicle security under \u00a7 46.2-368. Members of the pool participating in the motor vehicle self-insurance provided by the pool shall be deemed to meet the requirements of security as required and an application for a certificate of self-insurance under \u00a7 46.2-368 shall not be required. Additionally, a group self-insurance pool shall not be subject to the provisions of \u00a7 38.2-2206 relating to uninsured motorist coverage unless it elects by resolution of its governing authority to provide such coverage to its pool members.\n\t\tThe provisions of any statute or charter requiring a public official to post bond or obtain a surety bond, the premium on which may lawfully be paid by a public agency of the Commonwealth, may be satisfied with surety or fidelity insurance coverage furnished by a group self-insurance pool organized under this chapter, including any deductible amount or other portion self-insured by the public agency itself.\n\t\tThe power to enter into intergovernmental contracts under \u00a7 15.2-2703 specifically includes the power to establish the pool as a separate legal or administrative entity for purposes of effectuating group self-insurance pool agreements.","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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2704\/","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 2 times. 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. Those modifications are as follows: in 1997, chapter 587<\/a>; in 2003, chapter 566<\/a>.<\/p>","references":false,"refers_to":[{"id":81205,"section_number":"15.2-2703","catch_line":"Group self-insurance pools authorized","order_by":null,"url":"\/15.2-2703\/"},{"id":76965,"section_number":"38.2-2206","catch_line":"Uninsured motorist insurance coverage","order_by":null,"url":"\/38.2-2206\/"},{"id":80663,"section_number":"46.2-368","catch_line":"Certificate of self-insurance exempts from chapter","order_by":null,"url":"\/46.2-368\/"}],"permalink":{"id":156233,"object_type":"law","relational_id":77220,"identifier":"15.2-2704","token":"15.2\/II\/27\/15.2-2704","url":"\/15.2-2704\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-2704\/","token":"15.2\/II\/27\/15.2-2704","dublin_core":{"Title":"Powers of group self-insurance pool; self-insurer for motor vehicle security; surety","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2704","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A group self-insurance pool, for the purposes of carrying on the business of the group self-insurance pool whether or not a body corporate, shall have the power to sue and be sued, to make contracts<\/span>, to hold and dispose of real and personal property, and to borrow money, contract<\/span> debts, and pledge assets<\/span> in the name of the group self-insurance pool. The assets<\/span> of any group self-insurance pool established pursuant to this chapter shall be invested in those securities and investments permitted by regulation adopted by the State Corporation Commission for group self-insurance pools.\n\t\tA group self-insurance pool shall be deemed a self-insurer for motor vehicle security under \u00a7 46.2-368<\/a>. Members of the pool participating in the motor vehicle self-insurance provided by the pool shall be deemed to meet the requirements of security as required and an application for a certificate of self-insurance under \u00a7 46.2-368<\/a> shall not be required. Additionally, a group self-insurance pool shall not be subject to the provisions of \u00a7 38.2-2206<\/a> relating to uninsured motorist coverage unless it elects by resolution of its governing authority to provide such coverage to its pool members.\n\t\tThe provisions of any statute<\/span> or charter requiring a public official to post bond<\/span> or obtain a surety<\/span> bond<\/span>, the premium on which may lawfully be paid by a public agency of the Commonwealth, may be satisfied with surety<\/span> or fidelity insurance coverage furnished by a group self-insurance pool organized under this chapter, including any deductible amount or other portion self-insured by the public agency itself.\n\t\tThe power to enter into intergovernmental contracts<\/span> under \u00a7 15.2-2703<\/a> specifically includes the power to establish the pool as a separate legal or administrative entity for purposes of effectuating group self-insurance pool agreements.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPOWERS OF GROUP SELF-INSURANCE POOL; SELF-INSURER FOR MOTOR VEHICLE SECURITY;\nSURETY (\u00a7 15.2-2704)\n\nA group self-insurance pool, for the purposes of carrying on the business of the\ngroup self-insurance pool whether or not a body corporate, shall have the power\nto sue and be sued, to make contracts, to hold and dispose of real and personal\nproperty, and to borrow money, contract debts, and pledge assets in the name of\nthe group self-insurance pool. The assets of any group self-insurance pool\nestablished pursuant to this chapter shall be invested in those securities and\ninvestments permitted by regulation adopted by the State Corporation Commission\nfor group self-insurance pools.\n\t\tA group self-insurance pool shall be deemed a self-insurer for motor vehicle\nsecurity under \u00a7 46.2-368. Members of the pool participating in the motor\nvehicle self-insurance provided by the pool shall be deemed to meet the\nrequirements of security as required and an application for a certificate of\nself-insurance under \u00a7 46.2-368 shall not be required. Additionally, a group\nself-insurance pool shall not be subject to the provisions of \u00a7 38.2-2206\nrelating to uninsured motorist coverage unless it elects by resolution of its\ngoverning authority to provide such coverage to its pool members.\n\t\tThe provisions of any statute or charter requiring a public official to post\nbond or obtain a surety bond, the premium on which may lawfully be paid by a\npublic agency of the Commonwealth, may be satisfied with surety or fidelity\ninsurance coverage furnished by a group self-insurance pool organized under this\nchapter, including any deductible amount or other portion self-insured by the\npublic agency itself.\n\t\tThe power to enter into intergovernmental contracts under \u00a7 15.2-2703\nspecifically includes the power to establish the pool as a separate legal or\nadministrative entity for purposes of effectuating group self-insurance pool\nagreements.\n\nHISTORY: 1986, cc. 520, 556, \u00a7 15.1-503.4:4; 1997, c. 587; 2003, c. 566.","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}}