SD4 - A Study on the Feasibility of the Commonwealth of Virginia Self-Insuring its Own Vehicle Fleet

  • Published: 1978
  • Author: Committee to Study the Feasibility of the Commonwealth of Virginia Self-Insuring its Own Vehicle Fleet
  • Enabling Authority: Senate Joint Resolution 88 (Regular Session, 1977)

Executive Summary:

Senate Joint Resolution (SJ R) 88 enacted by the 1977 General Assembly, directed a Committee composed of the Secretary of Transportation, Secretary of Public Safety, Commissioner of Highways and  Transportation, and a representative of the Department of State Police to conduct a study of the feasibility of the State insuring its own automobiles. The Committee was charged to report its findings to the Governor and the General Assembly by December 1, 1977. (See Exhibit 1)

The Committee, Secretary Wayne A. Whitham, Secretary H. Selwyn Smith, Colonel Denny M. Slane, and Commissioner John Harwood, met on April 11, 1977, and after reviewing the resolution and discussing
its ramifications, appointed a task force to meet the requirements of SJR 88. The State Corporation Commission agreed to participate in the task force upon the request of the Committee.

Th task force was established to conduct the study under the guidance and review of the Committee. The task force members are as follows:

Hiram R. Johnson, Chairman
Office of the Secretary of Transportation

William L. Bower
Department of Highways and Transportation

Garland L. Hazelwood, Jr.
State Corporation Commission

Captain A. Holcomb
Department of State Police

Floyd B. Loving
Department of Highways and Transportation

T. Ashby Newby
Department of Highways and Transportation

The dollar amounts and other figures depicted in this report are not necessarily representative of the total vehicle insurance program in the Commonwealth of Virginia.

This is due to the problem in reconciling the different agencies insurance coverage periods into a single uniform reporting period, as well as the identification of all insured vehicles. Therefore, certain adjustments
were made in order to present a relatively comparable analysis. We believe the figures to be relatively accurate and believe that logical inferences can be drawn from the data as compiled.