{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-953.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-953.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-953.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-953.html"}],"law_id":55058,"edition_id":1,"section_id":55058,"structure_id":13985,"section_number":"6.2-953","catch_line":"Benefits consortium and sponsoring association not subject to regulation or taxation as an insurance company","history":"2014, cc. 220, 296.","full_text":"A\n\nA benefits consortium shall not be subject to:1\n\nThe provisions of Title 38.2 and regulations adopted thereunder, including those provisions and regulations otherwise applicable to multiple employer welfare arrangements; or2\n\nThe tax levied on insurance companies pursuant to § 58.1-2501.B\n\nThe sponsoring association of a benefits consortium or any of its subsidiaries shall not, by virtue of its sponsorship of the benefits consortium or the benefits plans offered through the benefits consortium, be subject to any provisions or regulations described in subdivision A 1 or any tax described in subdivision A 2.","order_by":null,"text":{"0":{"id":201929,"text":"A benefits consortium shall not be subject to:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":201930,"text":"The provisions of Title 38.2 and regulations adopted thereunder, including those provisions and regulations otherwise applicable to multiple employer welfare arrangements; or","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":201931,"text":"The tax levied on insurance companies pursuant to § 58.1-2501.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"B"},"3":{"id":201932,"text":"The sponsoring association of a benefits consortium or any of its subsidiaries shall not, by virtue of its sponsorship of the benefits consortium or the benefits plans offered through the benefits consortium, be subject to any provisions or regulations described in subdivision A 1 or any tax described in subdivision A 2.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2"}},"ancestry":[{"id":13985,"edition_id":1,"name":"Benefits Consortium","identifier":"17","label":"article","depth":4,"order_by":1,"parent_id":13791,"metadata":{},"date_created":"2026-06-26 03:46:31","date_modified":"2026-06-26 03:46:31","permalink":{"id":265363,"object_type":"structure","relational_id":13985,"identifier":"17","token":"6.2\/II\/8\/17","url":"\/6.2\/II\/8\/17\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13791,"edition_id":1,"name":"Banks","identifier":"8","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:53","date_modified":"2026-06-26 03:45:53","permalink":{"id":265065,"object_type":"structure","relational_id":13791,"identifier":"8","token":"6.2\/II\/8","url":"\/6.2\/II\/8\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13000,"edition_id":1,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":263685,"object_type":"structure","relational_id":13000,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":73959,"structure_id":13985,"section_number":"6.2-951","catch_line":"Definitions","url":"\/6.2-951\/","token":"6.2\/II\/8\/17\/6.2-951","metadata":false},{"id":67346,"structure_id":13985,"section_number":"6.2-952","catch_line":"Conditions for a benefits consortium","url":"\/6.2-952\/","token":"6.2\/II\/8\/17\/6.2-952","metadata":false},{"id":55058,"structure_id":13985,"section_number":"6.2-953","catch_line":"Benefits consortium and sponsoring association not subject to regulation or taxation as an insurance company","url":"\/6.2-953\/","token":"6.2\/II\/8\/17\/6.2-953","metadata":false}],"previous_section":{"id":67346,"structure_id":13985,"section_number":"6.2-952","catch_line":"Conditions for a benefits consortium","url":"\/6.2-952\/","token":"6.2\/II\/8\/17\/6.2-952","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-953\/","history_text":"

This law was first created in 2014. The record of its establishment is cataloged in chapters 220<\/a> and 296<\/a> 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.<\/p>","references":false,"refers_to":false,"permalink":{"id":265373,"object_type":"law","relational_id":55058,"identifier":"6.2-953","token":"6.2\/II\/8\/17\/6.2-953","url":"\/6.2-953\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-953\/","token":"6.2\/II\/8\/17\/6.2-953","dublin_core":{"Title":"Benefits consortium and sponsoring association not subject to regulation or taxation as an insurance company","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-953","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A benefits consortium<\/span> shall not be subject to: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The provisions of Title 38.2 and regulations adopted thereunder, including those provisions and regulations otherwise applicable to multiple employer welfare arrangements; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The tax levied on insurance companies pursuant to § 58.1-2501<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The sponsoring association<\/span> of a benefits consortium<\/span> or any of its subsidiaries shall not, by virtue of its sponsorship of the benefits consortium<\/span> or the benefits plans offered through the benefits consortium<\/span>, be subject to any provisions or regulations described in subdivision A 1 or any tax described in subdivision A 2. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBENEFITS CONSORTIUM AND SPONSORING ASSOCIATION NOT SUBJECT TO REGULATION OR\nTAXATION AS AN INSURANCE COMPANY (\u00a7 6.2-953)\n\nA. A benefits consortium shall not be subject to:\n\n 1. The provisions of Title 38.2 and regulations adopted thereunder, including\n those provisions and regulations otherwise applicable to multiple employer\n welfare arrangements; or\n\n 2. The tax levied on insurance companies pursuant to § 58.1-2501.\n\nB. The sponsoring association of a benefits consortium or any of its\nsubsidiaries shall not, by virtue of its sponsorship of the benefits consortium\nor the benefits plans offered through the benefits consortium, be subject to any\nprovisions or regulations described in subdivision A 1 or any tax described in\nsubdivision A 2.\n\nHISTORY: 2014, cc. 220, 296.","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}}