West Virginia Statutes

§ 33-1-11 — Reinsurance

West Virginia·Ch. 33  INSURANCE·Art. 1 DEFINITIONS
Reinsurance is a contract of indemnity against liability by which an insurer procures another insurer to insure it against loss or liability by reason of the original insurance.

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Legislative History

1957 Reg. Sess., HB126; 1947 Reg. Sess., SB224

Nearby Sections

15
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