Virginia Life Accident & Sickness Insurance Guaranty Association

Primary exempt purpose: the association is a virginia statutory association formed pursuant to chapter 17 of title 38.2 of the code of virginia to pay obligations of insolvent insurance companies under the supervision of the virginia state corporation commission. "member insurer" means an insurer or health maintenance organization licensed to transact in the commonwealth any class of insurance or health maintenance organization business to which this chapter 17 applies under section 38.2-1700, but does not include cooperative nonprofit life benefit companies, mutual assessment life, accident and sickness insurance companies, burial societies, fraternal benefit societies, dental and optometric services plans, and health services plans not subject to this chapter 17 pursuant to section 38.2-4213. Chapter 17 also applies to dental benefit contracts entered into with a dental plan organization as provided in chapter 61. With respect to contracts issued by insurers licensed to transact busi