West Virginia Statutes
§ 33-9-4 — Trust companies as depositories; state responsible for safekeeping and return of deposits
(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
Free access — add to your briefcase to read the full text and ask questions with AI
West Virginia § 33-9-4 (Trust companies as depositories; state responsible for safekeeping and return of deposits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1957 Reg. Sess., HB126
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