West Virginia § 33-26-16 Recognition of assessments in rates

West Virginia Statutes

§ 33-26-16 — Recognition of assessments in rates

West Virginia § 33-26-16

Ch. 33Â INSURANCE

Art. 26WEST VIRGINIA GUARANTY ASSOCIATION ACT

This text of West Virginia § 33-26-16 (Recognition of assessments in rates) 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 § 33-26-16 (2026).

Text

The rates and premiums charged for insurance policies to which this article applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.

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The rates and premiums charged for insurance policies to which this article applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.