West Virginia Statutes

§ 33-26-7 — Board of directors

West Virginia § 33-26-7
JurisdictionWest Virginia
Ch. 33 INSURANCE
Art. 26WEST VIRGINIA GUARANTY ASSOCIATION ACT

This text of West Virginia § 33-26-7 (Board of directors) 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 § 33-26-7 (2026).

Text

(1)The board of directors of the association shall consist of not less than five nor more than nine persons serving terms as established in the plan of operation. The members of the board shall be selected by member insurers subject to the approval of the commissioner. Vacancies on the board shall be filled for the remaining period of the term in the same manner as initial appointments. If no members are selected within sixty days after the effective date of this article, the commissioner may appoint the initial members of the board of directors.
(2)In approving selections to the board, the commissioner shall consider among other things whether all member insurers are fairly represented.
(3)Members of the board may be reimbursed from the assets of the association for expenses incurred

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Legislative History

1970 Reg. Sess., HB579

Nearby Sections

15
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Bluebook (online)
West Virginia § 33-26-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/33/33-26-7.