West Virginia Statutes

§ 33-21-22 — Distribution of unused premiums, savings or credits

West Virginia·Ch. 33  INSURANCE·Art. 21 RECIPROCAL INSURERS
A reciprocal insurer may from time to time return to its subscribers any unused premiums, savings, or credits accruing to their accounts. Any such distribution shall not unfairly discriminate between classes of risks, or policies, or between subscribers, but such distribution may vary as to classes of subscribers based upon the experience of such subscribers.

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Legislative History

1957 Reg. Sess., HB126

Nearby Sections

15
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