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ObsoleteSTATE CORPORATION COMMISSION BUREAU OF INSURANCE June 10, 1985, ADMINISTRATIVE LETTER 198513 TO:ALL GROUP REINSURERS FOR WORKERS COMPENSATION LICENSED IN VIRGINIA:REGULATION 16SECTION 12 RULES
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Fill out the application form with your personal information, including name, address, and contact details.
02
Specify the details of the group self insurance association, such as the name, purpose, and objectives.
03
Provide information about the members of the association, including their names, addresses, and roles.
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Outline the insurance coverage requirements and the terms and conditions for group members.
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Submit the completed application form to the relevant insurance authorities or regulatory bodies for approval.
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Pay the required fees and premiums for the group self insurance association.
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Once approved, distribute the insurance policies and documentation to the members of the association.
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Regularly review and update the insurance coverage and terms based on the needs of the association and its members.

Who needs group self insurance associations?

01
Small businesses looking for affordable insurance options for their employees.
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Trade or professional associations seeking to provide insurance benefits to their members.
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Groups of individuals with similar insurance needs who want to pool their resources for coverage.
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Non-profit organizations looking to offer insurance options to their staff or members.
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Companies or organizations with unique insurance requirements that are not offered by traditional insurance providers.
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Group self insurance associations are organizations formed by multiple employers to provide workers' compensation coverage for their employees.
Employers who are part of the group self insurance association are required to file group self insurance associations.
Group self insurance associations can be filled out by providing information about the participating employers, the coverage provided, and other relevant details.
The purpose of group self insurance associations is to provide a cost-effective way for employers to obtain workers' compensation coverage for their employees.
Information such as the participating employers' names, coverage provided, premium amounts, and claims history must be reported on group self insurance associations.
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