W. Va. Code § 33-31A-9: Delinquency.
Where this section sits in the code
- CHAPTER 33. INSURANCE.
- ARTICLE 31A. SPONSORED CAPTIVE INSURANCE COMPANY FORMATION.
In the case of a delinquency of a sponsored captive insurance company, the provisions of section seventeen, article thirty-one of this chapter shall apply, provided:
(1) The assets of a protected cell may not be used to pay any expenses or claims other than those attributable to such protected cell; and
(2) Its capital and surplus shall at all times be available to pay any expenses of or claims against the sponsored captive insurance company.
Collected 2026-09-06T00:28:48Z. Source file · JSON