West Virginia Statutes

§ 33-32-11 — Prohibition on ownership by an insurance company

West Virginia·Ch. 33  INSURANCE·Art. 32 RISK RETENTION ACT
No risk retention group shall be allowed to do business in this state if an insurance company is directly or indirectly a member or owner of such risk retention group, other than in the case of a risk retention group all of whose members are insurance companies.

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Legislative History

1987 Reg. Sess., HB2970

Nearby Sections

15
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