W. Va. Code § 33-12C-6

Current through 2024 First Special Session
Section 33-12C-6 - Withdrawal of eligibility as a surplus lines insurer
(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.

W. Va. Code § 33-12C-6