65.2-820 - Application to State Corporation Commission for assignment of risk; insurer assigned risk to issue policy. - Virginia Statutes

§ 65.2-820. Application to State Corporation Commission for assignment ofrisk; insurer assigned risk to issue policy.

Every employer subject to the provisions of this chapter who has been unableto obtain a workers' compensation insurance policy shall have the right toapply to the State Corporation Commission to have his risk assigned to aninsurance carrier licensed to write and writing workers' compensationinsurance in this Commonwealth. The insurance carrier, whether stock,mutual, reciprocal or interinsurer or other type or form of organization, towhom any such risk is assigned shall issue a policy of workers' compensationinsurance which will enable such employer to meet the requirements of thischapter.

(Code 1950, § 65-114.1; 1956, c. 358; 1968, c. 660, § 65.1-119; 1991, c. 355.)