West Virginia Statutes

§ 33-9-4 — Trust companies as depositories; state responsible for safekeeping and return of deposits

West Virginia § 33-9-4
JurisdictionWest Virginia
Ch. 33 INSURANCE
Art. 9ADMINISTRATION OF DEPOSITS

This text of West Virginia § 33-9-4 (Trust companies as depositories; state responsible for safekeeping and return of deposits) 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 § 33-9-4 (2026).

Text

(a)Upon request of the insurer, the state Treasurer may designate any solvent trust company or other solvent financial institution having trust powers domiciled in this state as the treasurer's depository to receive and hold any such deposit. Any such deposit so held shall be at the expense of the insurer.
(b)The state of West Virginia shall be responsible for the safekeeping and return of all funds and securities deposited pursuant to this chapter with the state Treasurer or in any depository so designated by him

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Legislative History

1957 Reg. Sess., HB126

Nearby Sections

15
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Bluebook (online)
West Virginia § 33-9-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/33/33-9-4.