Virginia § 38.2-6603 - Accounting; reports
Full text of Virginia Code of Virginia § 38.2-6603 — Accounting; reports, with citation guidance and answers to common questions.
§ 38.2-6603. Accounting; reports
A. The Commission shall keep an accounting for each benefit year of all:
1. Funds appropriated for reinsurance payments and administrative and operational expenses;
2. Requests for reinsurance payments received from eligible carriers;
3. Reinsurance payments made to eligible carriers; and
4. Administrative and operational expenses incurred for the Program.
B. By November 1 of each year, the Commission shall report to the House Committees on Labor and Commerce and Appropriations, the Senate Committees on Commerce and Labor and Finance and Appropriations, and the Governor on the operation of the Program. Such report shall be posted on the Commission's website and shall include, at a minimum, the following information for the relevant benefit year:
1. Amounts deposited into the Fund;
2. Requests for reinsurance payments received by eligible carriers;
3. Reinsurance payments made to eligible carriers;
4. Administrative and operational expenses incurred for the Program; and
5. Quantifiable impact of the Program on individual health insurance coverage rates.
2021, Sp. Sess. I, c. 480.
Frequently Asked Questions About Virginia § 38.2-6603
What does Code of Virginia § 38.2-6603 cover?
Section 38.2-6603 ("Accounting; reports") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 38.2-6603?
A common citation format is "Code of Virginia § 38.2-6603" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 38.2-6603 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.