Virginia Code 38.2-4201: Definitions
As used in this chapter:
Terms Used In Virginia Code 38.2-4201
- Contract: A legal written agreement that becomes binding when signed.
- Contract holder: means a person entering into a subscription contract with a nonstock corporation. See Virginia Code 38.2-4201
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Health services plan: means any arrangement for offering or administering health services or similar or related services by a corporation licensed under Chapter 42 of Title 59. See Virginia Code 38.2-100
- Nonstock corporation: means a foreign or domestic nonstock corporation which is subject to regulation and licensing under this chapter and which offers or administers subscription contracts to contract holders as part of a plan. See Virginia Code 38.2-4201
- Person: means any association, aggregate of individuals, business, company, corporation, individual, joint-stock company, Lloyds type of organization, organization, partnership, receiver, reciprocal or interinsurance exchange, trustee or society. See Virginia Code 38.2-100
- plan: means any arrangement for offering or administering health services or similar or related services by a nonstock corporation licensed under this chapter. See Virginia Code 38.2-4201
- Subscription contract: means a written contract which is issued to a contract holder by a nonstock corporation and which provides health services or benefits for health services on a prepaid basis. See Virginia Code 38.2-4201
“Contract holder” means a person entering into a subscription contract with a nonstock corporation.
“Nonstock corporation” means a foreign or domestic nonstock corporation which is subject to regulation and licensing under this chapter and which offers or administers subscription contracts to contract holders as part of a plan.
“Health services plan” or “plan” means any arrangement for offering or administering health services or similar or related services by a nonstock corporation licensed under this chapter.
“Hospital services plan” means a health services plan for providing hospital and similar or related services.
“Medical or surgical services plan” means a health services plan for providing medical or surgical services or both, and similar or related services.
“Subscriber” means any person entitled to benefits under the terms and conditions of a subscription contract.
“Subscription contract” means a written contract which is issued to a contract holder by a nonstock corporation and which provides health services or benefits for health services on a prepaid basis.
1986, c. 562; 1988, c. 185.