{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-2000.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-2000.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-2000.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-2000.1.html"}],"law_id":86827,"edition_id":1,"section_id":86827,"structure_id":13597,"section_number":"38.2-2000.1","catch_line":"Definitions","history":"1993, c. 985.","full_text":"As used in this chapter:\n\t\t“Pool” means an arrangement, either voluntary or mandated by law, established on an on-going basis, pursuant to which two or more insurers participate in the sharing of risks on a predetermined basis, which arrangement may operate through an association, syndicate, or other pool arrangement.\n\t\t“Residual market mechanism” means an arrangement, either voluntary or mandated by law, involving participation by insurers in equitable apportionment among themselves of insurance which may be afforded applicants who are unable to obtain insurance through ordinary methods including any filed and approved plans.\n\t\t“Virginia Auto Insurance Plan” means that organization established for assigned risks pursuant to the provisions of \u00a7 46.2-464.\n\t\t“Virginia Property Insurance Association” means that organization established pursuant to Chapter 27 (\u00a7 38.2-2700 et seq.) of this title.\n\t\t“Virginia Workers’ Compensation Insurance Plan” means that organization established for assigned risks pursuant to the provisions of \u00a7 65.2-820.","order_by":null,"text":{"0":{"id":310903,"text":"As used in this chapter:\n\t\t“Pool” means an arrangement, either voluntary or mandated by law, established on an on-going basis, pursuant to which two or more insurers participate in the sharing of risks on a predetermined basis, which arrangement may operate through an association, syndicate, or other pool arrangement.\n\t\t“Residual market mechanism” means an arrangement, either voluntary or mandated by law, involving participation by insurers in equitable apportionment among themselves of insurance which may be afforded applicants who are unable to obtain insurance through ordinary methods including any filed and approved plans.\n\t\t“Virginia Auto Insurance Plan” means that organization established for assigned risks pursuant to the provisions of \u00a7 46.2-464.\n\t\t“Virginia Property Insurance Association” means that organization established pursuant to Chapter 27 (\u00a7 38.2-2700 et seq.) of this title.\n\t\t“Virginia Workers’ Compensation Insurance Plan” means that organization established for assigned risks pursuant to the provisions of \u00a7 65.2-820.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13597,"edition_id":1,"name":"General Provisions","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":13596,"metadata":{},"date_created":"2026-06-26 03:45:21","date_modified":"2026-06-26 03:45:21","permalink":{"id":213275,"object_type":"structure","relational_id":13597,"identifier":"1","token":"38.2\/20\/1","url":"\/38.2\/20\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13596,"edition_id":1,"name":"Regulation of Rates for Certain Types of Insurance","identifier":"20","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:45:21","date_modified":"2026-06-26 03:45:21","permalink":{"id":213273,"object_type":"structure","relational_id":13596,"identifier":"20","token":"38.2\/20","url":"\/38.2\/20\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","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":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":68638,"structure_id":13597,"section_number":"38.2-2000","catch_line":"Purposes of chapter","url":"\/38.2-2000\/","token":"38.2\/20\/1\/38.2-2000","metadata":false},{"id":86827,"structure_id":13597,"section_number":"38.2-2000.1","catch_line":"Definitions","url":"\/38.2-2000.1\/","token":"38.2\/20\/1\/38.2-2000.1","metadata":false},{"id":54564,"structure_id":13597,"section_number":"38.2-2001","catch_line":"Insurance to which chapter applies","url":"\/38.2-2001\/","token":"38.2\/20\/1\/38.2-2001","metadata":false},{"id":86608,"structure_id":13597,"section_number":"38.2-2002","catch_line":"Joint underwriting and joint reinsurance","url":"\/38.2-2002\/","token":"38.2\/20\/1\/38.2-2002","metadata":false},{"id":69827,"structure_id":13597,"section_number":"38.2-2002.1","catch_line":"Residual market mechanism; reinsurance pool","url":"\/38.2-2002.1\/","token":"38.2\/20\/1\/38.2-2002.1","metadata":false}],"previous_section":{"id":68638,"structure_id":13597,"section_number":"38.2-2000","catch_line":"Purposes of chapter","url":"\/38.2-2000\/","token":"38.2\/20\/1\/38.2-2000","metadata":false},"next_section":{"id":54564,"structure_id":13597,"section_number":"38.2-2001","catch_line":"Insurance to which chapter applies","url":"\/38.2-2001\/","token":"38.2\/20\/1\/38.2-2001","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-2000.1\/","history_text":"

This law was first created in 1993. The record of its establishment is cataloged in chapter 985 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 1993 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":[{"id":76295,"section_number":"38.2-2700","catch_line":"Purposes of chapter","order_by":null,"url":"\/38.2-2700\/"},{"id":73362,"section_number":"46.2-464","catch_line":"Application for assignment of risk to insurance carrier","order_by":null,"url":"\/46.2-464\/"},{"id":80066,"section_number":"65.2-820","catch_line":"Application to State Corporation Commission for assignment of risk; insurer assigned risk to issue policy","order_by":null,"url":"\/65.2-820\/"}],"permalink":{"id":213281,"object_type":"law","relational_id":86827,"identifier":"38.2-2000.1","token":"38.2\/20\/1\/38.2-2000.1","url":"\/38.2-2000.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-2000.1\/","token":"38.2\/20\/1\/38.2-2000.1","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-2000.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this chapter:\n\t\t“Pool<\/span>” means an arrangement, either voluntary or mandated by law<\/span>, established on an on-going basis, pursuant to which two or more insurers<\/span> participate in the sharing of risks on a predetermined basis, which arrangement may operate through an association, syndicate, or other pool<\/span> arrangement.\n\t\t“Residual market mechanism<\/span>” means an arrangement, either voluntary or mandated by law<\/span>, involving participation by insurers<\/span> in equitable<\/span> apportionment among themselves of insurance which may be afforded applicants who are unable to obtain insurance through ordinary methods including any filed and approved plans.\n\t\t“Virginia Auto Insurance Plan<\/span>” means that organization established for assigned risks pursuant to the provisions of \u00a7 46.2-464<\/a>.\n\t\t“Virginia Property Insurance Association<\/span>” means that organization established pursuant to Chapter 27 (\u00a7 38.2-2700<\/a> et seq.) of this title.\n\t\t“Virginia Workers’ Compensation Insurance Plan” means that organization established for assigned risks pursuant to the provisions of \u00a7 65.2-820<\/a>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 38.2-2000.1)\n\nAs used in this chapter:\n\t\t“Pool” means an arrangement, either voluntary or mandated by law,\nestablished on an on-going basis, pursuant to which two or more insurers\nparticipate in the sharing of risks on a predetermined basis, which arrangement\nmay operate through an association, syndicate, or other pool arrangement.\n\t\t“Residual market mechanism” means an arrangement, either voluntary\nor mandated by law, involving participation by insurers in equitable\napportionment among themselves of insurance which may be afforded applicants who\nare unable to obtain insurance through ordinary methods including any filed and\napproved plans.\n\t\t“Virginia Auto Insurance Plan” means that organization established\nfor assigned risks pursuant to the provisions of \u00a7 46.2-464.\n\t\t“Virginia Property Insurance Association” means that organization\nestablished pursuant to Chapter 27 (\u00a7 38.2-2700 et seq.) of this title.\n\t\t“Virginia Workers’ Compensation Insurance Plan” means that\norganization established for assigned risks pursuant to the provisions of \u00a7\n65.2-820.\n\nHISTORY: 1993, c. 985.","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}}