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West Virginia Code Chapter 33. Insurance § 33-12C-6. Withdrawal of eligibility as a surplus lines insurer

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The commissioner may declare a surplus lines insurer ineligible if the commissioner has reason to believe that:

(1) Is in unsound financial condition or has acted in an untrustworthy manner;

(2) No longer meets standards set forth in subsection (c) of this section;

(3) Has willfully violated the laws of this state; or

(4) Does not conduct a proper claims practice;

(b) The commissioner shall promptly mail notice of all such declarations to each surplus lines licensee.

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Cite this article: FindLaw.com - West Virginia Code Chapter 33. Insurance § 33-12C-6. Withdrawal of eligibility as a surplus lines insurer - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-33-insurance/wv-code-sect-33-12c-6/

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