                                 CODE OF VIRGINIA

SICKNESS AND DISABILITY PROGRAM; DISABILITY INSURANCE POLICIES (§ 51.1-1151)

A. The Board shall develop, implement, and administer a short-term disability
and long-term disability benefits program in accordance with the provisions of
this chapter. The Board is authorized to delegate or assign to any person any of
the duties required to be performed by the Board pursuant to this chapter. The
Board is authorized to purchase long-term disability insurance policies for
participating employees. The policies shall be purchased from and carried with a
disability insurance company that is authorized to do business in the
Commonwealth.
			Each policy shall contain a provision stipulating the maximum expense and
risk charges that are determined by the Board to be consistent with the general
level of charges made by disability insurance companies under policies of
long-term disability insurance issued to large employers. The Board may require
that the policies have reinsurance with a disability insurance company
incorporated or organized under the laws of and authorized to do business in the
Commonwealth.

B. Notwithstanding the provisions of subsection A, the Board may self-insure
long-term disability benefits in accordance with the standards set forth in
&#xA7; 51.1-124.30.

HISTORY: 2012, cc. 701, 823.