W. Va. Code R. § 114-30-2

Current through Register Vol. XLI, No. 45, November 8, 2024

Section 114-30-2 - Definitions

As used in this legislative rule:

2.1. "'Claims made' malpractice insurance" means a policy which covers claims which are reported during the policy period, meet the provisions specified by the policy, and are for an incident which occurred during the policy period, or occurred prior to the policy period, as is specified by the policy.

2.2. "Commissioner" means the Insurance Commissioner of the State of West Virginia.

2.3. "'Tail' insurance" means insurance which covers a professional insured once a "claims made" malpractice insurance policy is cancelled, not renewed or terminated and covers claims made after such cancellation or termination for acts occurring during the period the prior malpractice insurance was in effect.

W. Va. Code R. § 114-30-2