                                 CODE OF VIRGINIA

INSURERS; EXEMPTIONS FROM CERTAIN LAWS RELATING TO THE GROUP PURCHASE OF
INSURANCE (§ 38.2-5107)

A. An insurer shall be exempt from any law of this Commonwealth which prohibits
providing, or offering to provide, to a purchasing group or its members
advantages based on their loss and expense experience not afforded to other
persons with respect to rates, policy forms, coverages, or other matters.

B. Any insurer who transacts the business of insurance in this Commonwealth with
a purchasing group or its members shall comply with the provisions of &#xA7;
38.2-1024 and all other statutes in Title 38.2 which are applicable to licensed
insurers, unless the insurer has received prior approval of the Commission to
issue surplus lines insurance pursuant to Chapter 48 of this title.

HISTORY: 1987, c. 585.