West Virginia Statutes
§ 33-31A-9 — Delinquency
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.
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Legislative History
2004 Reg. Sess., SB428
Nearby Sections
15
§ 33-1-1
Insurance§ 33-1-10
Kinds of insurance defined§ 33-1-11
Reinsurance§ 33-1-12
Agent§ 33-1-13
Solicitor§ 33-1-14
Broker§ 33-1-15
Reciprocal insurance§ 33-1-16
Policy§ 33-1-17
Premium§ 33-1-18
Stock insurer§ 33-1-19
Mutual insurer§ 33-1-2
Insurer§ 33-1-21
Emergency services