West Virginia § 33-31A-9 Delinquency

West Virginia Statutes

§ 33-31A-9 — Delinquency

West Virginia § 33-31A-9

Ch. 33Â INSURANCE

Art. 31ASPONSORED CAPTIVE INSURANCE COMPANY FORMATION

This text of West Virginia § 33-31A-9 (Delinquency) 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 § 33-31A-9 (2026).

Text

In the case of a delinquency of a sponsored captive insurance company, the provisions of section seventeen, article thirty-one of this chapter shall apply, provided:

(1)The assets of a protected cell may not be used to pay any expenses or claims other than those attributable to such protected cell; and

(2)Its capital and surplus shall at all times be available to pay any expenses of or claims against the sponsored captive insurance company.

Free access — add to your briefcase to read the full text and ask questions with AI

In the case of a delinquency of a sponsored captive insurance company, the provisions of section seventeen, article thirty-one of this chapter shall apply, provided:

(1) The assets of a protected cell may not be used to pay any expenses or claims other than those attributable to such protected cell; and

(2) Its capital and surplus shall at all times be available to pay any expenses of or claims against the sponsored captive insurance company.