General Assembly Passes Group Self-Insurance Bills

The Virginia General Assembly passed a bill that would allow group self-insurance associations to merge. The Senate on Feb. 16 voted 40-0 to pass HB 2418, by Del. William C. Wampler, R-Abingdon. The state House of Representatives voted 100-0 to pass the bill Feb. 6. HB 2418 would allow the State Corporation Commission to develop criteria for mergers and approving the joining of two or more self-insurance associations. The bill would require any resulting pool to assume in full all obligations for the merged group. The governor must sign or veto legislation within seven days of transmit...