West Virginia Statutes

§ 33-21-23 — Advancement and repayment of funds

West Virginia § 33-21-23
JurisdictionWest Virginia
Ch. 33 INSURANCE
Art. 21RECIPROCAL INSURERS

This text of West Virginia § 33-21-23 (Advancement and repayment of funds) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
W. Va. Code § 33-21-23 (2026).

Text

The attorney or other parties may advance to a reciprocal insurer upon reasonable terms such funds as it may require from time to time in its operations. Sums so advanced shall not be treated as a liability of the insurer, and, except upon liquidation of the insurer, shall not be withdrawn or repaid except out of the insurer's realized earned surplus in excess of its minimum required surplus.

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Legislative History

1957 Reg. Sess., HB126

Nearby Sections

15
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Bluebook (online)
West Virginia § 33-21-23, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/33/33-21-23.