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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 16. Labor and Employment |
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Agency 30. Virginia Workers' Compensation Commission |
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Chapter 80. Regulations Governing Individual Self-Insurance under the Virginia Workers'compensation Act |
Section 10. Definitions
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The following words and terms, when used in this chapter, shall have the following meanings, unless the content clearly indicates otherwise:
"Act" means the Virginia Workers' Compensation Act.
"Bond" means a corporate surety bond issued by a company currently licensed by the State Corporation Commission to write bonds in Virginia.
"Commission" means the Virginia Workers' Compensation Commission.
"Current" or "currently" means in effect at the time the action is taken.
"Excess coverage" means a policy providing coverage for claims costs in excess of a specified retention level, issued by a company currently approved by the State Corporation Commission to write such coverage in Virginia.
"Group self-insurer" means an employer belonging to a group self-insurance association that has been certified by the State Corporation Commission.
"Individual self-insurer" means a public or private employer certified by the Virginia Workers' Compensation Commission as an individual self-insurer for workers' compensation.
"Private self-insurer" means a self-insured individual employer that is not a governmental entity.
"Public self-insurer" means a self-insured individual employer that is a branch of state, county, or municipal government.
Historical Notes
Derived from VR405-20-01 § 1, eff. January 13, 1993.