"Association" means the joint underwriting association established pursuantto the provisions of this chapter.
"Commercial liability insurance" means the commercial classes of insurancedefined in §§ 38.2-117 and 38.2-118, but for the purposes of this chapter,does not include medical malpractice insurance as defined in § 38.2-2800,nuclear liability or any risks, lines, or subclassifications that aredetermined by the Commission to be uninsurable; provided, no suchdetermination shall be based solely upon evidence that no insurers are theninsuring such risk, line, or subclassification. The Commission may excludefrom this definition any other line, subclassification or type of commercialliability insurance as it deems appropriate.
"Incidental coverage" means any other type of liability insurance coveringactivities directly related to the continued and efficient delivery ofbusiness and professional services that: (i) cannot be separately obtained inthe voluntary market because commercial liability insurance is being providedpursuant this chapter; and (ii) cannot be separately obtained through otherinvoluntary market mechanisms.
"Market assistance plan" means a voluntary association of insurers andinsurance agents licensed to do business in the Commonwealth that is formed,pursuant to a plan of operation filed with and approved by the Commission, toassist with the individual placement of commercial liability insurancecoverage that is not reasonably available on the voluntary market.
"Net direct premiums written" means gross direct premiums written in thisCommonwealth on all policies of liability insurance less (i) all returnpremiums on the policy, (ii) dividends paid or credited to policyholders, and(iii) the unused or unabsorbed portions of premium deposits on liabilityinsurance. For the purposes of this chapter, "liability insurance" meansthe classes of insurance defined in §§ 38.2-117 through 38.2-119, and theliability portions of the insurance defined in §§ 38.2-124, 38.2-125 and38.2-130 through 38.2-132.
"Association" means the joint underwriting association established pursuantto the provisions of this chapter.
"Commercial liability insurance" means the commercial classes of insurancedefined in §§ 38.2-117 and 38.2-118, but for the purposes of this chapter,does not include medical malpractice insurance as defined in § 38.2-2800,nuclear liability or any risks, lines, or subclassifications that aredetermined by the Commission to be uninsurable; provided, no suchdetermination shall be based solely upon evidence that no insurers are theninsuring such risk, line, or subclassification. The Commission may excludefrom this definition any other line, subclassification or type of commercialliability insurance as it deems appropriate.
"Incidental coverage" means any other type of liability insurance coveringactivities directly related to the continued and efficient delivery ofbusiness and professional services that: (i) cannot be separately obtained inthe voluntary market because commercial liability insurance is being providedpursuant this chapter; and (ii) cannot be separately obtained through otherinvoluntary market mechanisms.
"Market assistance plan" means a voluntary association of insurers andinsurance agents licensed to do business in the Commonwealth that is formed,pursuant to a plan of operation filed with and approved by the Commission, toassist with the individual placement of commercial liability insurancecoverage that is not reasonably available on the voluntary market.
"Net direct premiums written" means gross direct premiums written in thisCommonwealth on all policies of liability insurance less (i) all returnpremiums on the policy, (ii) dividends paid or credited to policyholders, and(iii) the unused or unabsorbed portions of premium deposits on liabilityinsurance. For the purposes of this chapter, "liability insurance" meansthe classes of insurance defined in §§ 38.2-117 through 38.2-119, and theliability portions of the insurance defined in §§ 38.2-124, 38.2-125 and38.2-130 through 38.2-132.
"Association" means the joint underwriting association established pursuantto the provisions of this chapter.
"Commercial liability insurance" means the commercial classes of insurancedefined in §§ 38.2-117 and 38.2-118, but for the purposes of this chapter,does not include medical malpractice insurance as defined in § 38.2-2800,nuclear liability or any risks, lines, or subclassifications that aredetermined by the Commission to be uninsurable; provided, no suchdetermination shall be based solely upon evidence that no insurers are theninsuring such risk, line, or subclassification. The Commission may excludefrom this definition any other line, subclassification or type of commercialliability insurance as it deems appropriate.
"Incidental coverage" means any other type of liability insurance coveringactivities directly related to the continued and efficient delivery ofbusiness and professional services that: (i) cannot be separately obtained inthe voluntary market because commercial liability insurance is being providedpursuant this chapter; and (ii) cannot be separately obtained through otherinvoluntary market mechanisms.
"Market assistance plan" means a voluntary association of insurers andinsurance agents licensed to do business in the Commonwealth that is formed,pursuant to a plan of operation filed with and approved by the Commission, toassist with the individual placement of commercial liability insurancecoverage that is not reasonably available on the voluntary market.
"Net direct premiums written" means gross direct premiums written in thisCommonwealth on all policies of liability insurance less (i) all returnpremiums on the policy, (ii) dividends paid or credited to policyholders, and(iii) the unused or unabsorbed portions of premium deposits on liabilityinsurance. For the purposes of this chapter, "liability insurance" meansthe classes of insurance defined in §§ 38.2-117 through 38.2-119, and theliability portions of the insurance defined in §§ 38.2-124, 38.2-125 and38.2-130 through 38.2-132.
