West Virginia Statutes

§ 33-23-26 — Reinsurance

West Virginia·Ch. 33  INSURANCE·Art. 23 FRATERNAL BENEFIT SOCIETIES
A domestic society may, by an authorized reinsurance agreement, cede any individual risk or risks in whole or in part to an insurer (other than another fraternal benefit society) having the power to make such reinsurance; but no such society may reinsure substantially all of its insurance in force without the written permission of the commissioner.

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Legislative History

1957 Reg. Sess., HB126

Nearby Sections

15
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