Code of Virginia § 65.2-820. Application to State Corporation Commission for assignment of risk; insurer assigned risk to issue policy.
109 words·~1 min read·
/va/title-65-2/chapter-8/65-2-820·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Every employer subject to the provisions of this chapter who has been unable to obtain a workers' compensation insurance policy shall have the right to apply to the State Corporation Commission to have his risk assigned to an insurance carrier licensed to write and writing workers' compensation insurance in this Commonwealth. The insurance carrier, whether stock, mutual, reciprocal or interinsurer or other type or form of organization, to whom any such risk is assigned shall issue a policy of workers' compensation insurance which will enable such employer to meet the requirements of this chapter.
Code 1950, § 65-114.1; 1956, c. 358; 1968, c. 660, § 65.1-119; 1991, c. 355.