West Virginia Statutes
§ 33-12C-6 — Withdrawal of eligibility as a surplus lines insurer
(a)The commissioner may declare a surplus lines insurer ineligible if the commissioner has reason to believe that:
(1)Is in unsound financial condition or has acted in an untrustworthy manner;
(2)No longer meets standards set forth in subsection (c) of this section;
(3)Has willfully violated the laws of this state; or
(4)Does not conduct a proper claims practice;
(b)The commissioner shall promptly mail notice of all such declarations to each surplus lines licensee.
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West Virginia § 33-12C-6 (Withdrawal of eligibility as a surplus lines insurer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
2003 Reg. Sess., HB2715; 2002 Reg. Sess., HB4497
Nearby Sections
15
§ 33-1-1
Insurance§ 33-1-10
Kinds of insurance defined§ 33-1-11
Reinsurance§ 33-1-12
Agent§ 33-1-13
Solicitor§ 33-1-14
Broker§ 33-1-15
Reciprocal insurance§ 33-1-16
Policy§ 33-1-17
Premium§ 33-1-18
Stock insurer§ 33-1-19
Mutual insurer§ 33-1-2
Insurer§ 33-1-21
Emergency services