Virginia Administrative Code (Last Updated: January 10, 2017) |
Title 14. Insurance |
Agency 5. State Corporation Commission, Bureau of Insurance |
Chapter 385. Rules Governing Aboveground Storage Tank and Pipeline Operators Groupself-Insurance Pools |
Section 10. Purpose
Latest version.
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The purpose of this chapter is to set forth rules, forms, and procedural requirements that the commission deems necessary for the approval and monitoring of pools created pursuant to §§ 62.1-44.34:12 and 62.1-44.34:16 of the Code of Virginia. The pools are to assist operators of facilities in establishing proof of financial responsibility in connection with the Virginia Petroleum Storage Tank Fund (§ 62.1-44.34:11 of the Code of Virginia).
Historical Notes
Derived from Volume 19, Issue 02, eff. October 1, 2002.
Statutory Authority
§§ 12.1-13, 38.2-223, and 62.1-44.34:12 of the Code of Virginia.