38.2-2002.1 - Residual market mechanism; reinsurance pool. - Virginia Statutes

§ 38.2-2002.1. Residual market mechanism; reinsurance pool.

Notwithstanding any other provision of law, insurers and rate serviceorganizations participating in joint reinsurance pools organized for thepurpose of establishing a residual market mechanism may, in connection withsuch purpose, act in cooperation with each other in the making of rates,rating systems, policy forms, underwriting rules, surveys, inspections,investigations, the furnishing of statistical or other information on lossesand expenses, or the conduct of research.

(1993, c. 985.)