{"data":{"id":"us-wv/w.-va.-code-33-60-5","jurisdiction":"us-wv","citation":"W. Va. Code § 33-60-5","heading":"Time period of beta test; extension of time period; penalties for violation of limited no-action letter.","body":"(a) The time period for a beta test shall be three years. The time period may be extended by the commissioner in the notice of acceptance for a period that is not longer than one year if a request is made in accordance with §33-60-2(a)(5)(B) of this code.\n(b) During the beta test, the participant and any clients of the participant shall:\n(1) Comply with all terms and conditions set forth in the limited no-action letter; and\n(2) Provide the commissioner with all documents, data, and information requested by the commissioner.\n(c) For any violation of the terms or conditions set forth in the limited letter, the commissioner may:\n(1) Issue an order terminating the beta test and the safe harbor of the limited letter before the time period set forth in the limited letter has expired; and\n(2) Impose a fine of not more than $2,000 per violation.\n(d) The commissioner may issue an order under §33-60-5(c) of this code if, following receipt of information or complaints, the commissioner determines the beta test is causing consumer harm.\n(e) The commissioner may issue an order requiring a client to cease and desist any activity violating the terms or conditions set forth in the limited letter. The issuance of a cease and desist order to one client shall not otherwise impact the ability of the participant or any other clients to continue activities relating to the innovation in a manner compliant with the requirements of the limited letter.\n(f) A participant or client may request a hearing on any order issued under this section pursuant to §33-2-13 of this code.","path":["CHAPTER 33. INSURANCE.","ARTICLE 60. INSURANCE INNOVATION."],"source_url":"https://code.wvlegislature.gov/33-60-5/","current_through":"as of 2026-08-03; contains at least the enactments of the 2026 Regular Session","vintage":"","retrieved_at":"2026-09-06T00:28:55Z","sha256":"59e0e6e354c2baa77c93cac51536801494a9826424b599e3676e5b2630bf07d7","source_id":"us-wv","stale":true,"prev":"us-wv/w.-va.-code-33-60-4","next":"us-wv/w.-va.-code-33-60-6"},"notice":"GroundRules: Original legal text. Not legal advice."}