                                 CODE OF VIRGINIA

BENEFITS CONSORTIUM AND SPONSORING ASSOCIATION NOT SUBJECT TO REGULATION OR
TAXATION AS AN INSURANCE COMPANY (§ 6.2-953)

A. A benefits consortium shall not be subject to:

   1. The provisions of Title 38.2 and regulations adopted thereunder, including
   those provisions and regulations otherwise applicable to multiple employer
   welfare arrangements; or

   2. The tax levied on insurance companies pursuant to &#xA7; 58.1-2501.

B. 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.

HISTORY: 2014, cc. 220, 296.