West Virginia Statutes

§ 33-32-10 — Prohibited acts regarding solicitation or sale

West Virginia·Ch. 33  INSURANCE·Art. 32 RISK RETENTION ACT

The following acts by a risk retention group are hereby prohibited:

(1)The solicitation or sale of insurance by a risk retention group to any person who is not eligible for membership in such group; and
(2)The solicitation or sale of insurance by, or operation of, a risk retention group that is in a hazardous financial condition or is financially impaired.

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Legislative History

1987 Reg. Sess., HB2970

Nearby Sections

15
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