West Virginia Statutes

§ 33-32-14 — Compulsory associations

West Virginia § 33-32-14
JurisdictionWest Virginia
Ch. 33 INSURANCE
Art. 32RISK RETENTION ACT

This text of West Virginia § 33-32-14 (Compulsory associations) 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 § 33-32-14 (2026).

Text

(a)A risk retention group shall not be permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall any risk retention group, or its insureds, or claimants against its insureds, receive any benefit from any such fund for claims arising out of the operations of such risk retention group.
(b)When a purchasing group obtains insurance covering its members' risks from an insurer not authorized in this state or a risk retention group, such risks, wherever resident or located, shall not be covered by any insurance guaranty fund or similar mechanism in this state.
(c)When a purchasing group obtains insurance covering its members' risks from an authorized insurer, only risks resident or located in this state shall be cove

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Legislative History

1992 Reg. Sess., HB4666; 1987 Reg. Sess., HB2970

Nearby Sections

15
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Bluebook (online)
West Virginia § 33-32-14, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/33/33-32-14.