16 Va. Admin. Code § 30-50-90
Current through Register Vol. 40, No. 22, June 17, 2024
Section 16VAC30-50-90 - Rule 8 Self-insuranceA. The Commonwealth of Virginia, its municipalities, and political subdivisions. Permission for self-insurance will be granted by the commission to the Commonwealth and its political subdivisions and to Virginia municipalities upon application for certification, without submission of proof of financial ability and without deposit of bond or other security. However, the premium tax provided for in § 65.2-1006 of the Code of Virginia shall be paid.B. Confidentiality of self-insurer information. No record of any information concerning the solvency and financial ability of any employer acquired by a commissioner or the commissioner's agent by virtue of the commissioner or commissioner's agent's powers under the Act shall be subject to inspection; nor shall any information in any way acquired for such purposes by virtue of such powers be divulged by a commissioner or a commissioner's agent, unless by order of the court, so long as said employer shall continue solvent and the compensation legally due from the employer, in accordance with provisions of the Act, shall continue to be paid.16 Va. Admin. Code § 30-50-90
Derived from VR405-01-06, Rule 8, eff. January 1, 1994; Amended, Virginia Register Volume 40, Issue 7, eff. 1/4/2024.Statutory Authority: § 65.2-201 of the Code of Virginia.