38.2-5110 - Commission's authority regarding risk retention groups and purchasing groups. - Virginia Statutes

§ 38.2-5110. Commission's authority regarding risk retention groups andpurchasing groups.

The Commission is authorized to make use of any of the powers establishedunder Titles 12.1 and 38.2 to enforce the laws of this Commonwealth so longas those powers are not specifically preempted by the Product Liability RiskRetention Act of 1981, as amended by the Risk Retention Amendments of 1986.This includes, but is not limited to, the Commission's power to investigate,issue subpoenas, conduct depositions and hearings, issue orders, and imposepenalties. The Commission shall be deemed a state court of competentjurisdiction, independent of its Bureau of Insurance, in all judicialproceedings to enforce the provisions of this chapter.

(1987, c. 585; 1995, c. 843.)