West Virginia Statutes

§ 33-31A-6 — Qualification of sponsors

West Virginia·Ch. 33  INSURANCE·Art. 31A SPONSORED CAPTIVE INSURANCE COMPANY FORMATION
A sponsor of a sponsored captive insurance company shall be an insurer licensed under the laws of any state, a reinsurer authorized or approved under the laws of any state or a captive insurance company formed or licensed under this article. A risk retention group shall not be either a sponsor or a participant of a sponsored captive insurance company.

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Legislative History

2004 Reg. Sess., SB428

Nearby Sections

15
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