West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-06 - Credit Life Insurance, Credit Accident And Sickness Insurance, And Credit Unemployment Insurance
Section 114-6-1 - General

Universal Citation: 114 WV Code of State Rules 114-6-1

Current through Register Vol. XLI, No. 38, September 20, 2024

1.1. Scope. -- The purpose of this rule is to set forth requirements to be followed by insurers which are transacting credit life insurance, credit accident and sickness insurance, and credit unemployment insurance in West Virginia for the protection of West Virginia debtors who are participating in such insurance. Section 7 of this rule is based on the National Association of Insurance Commissioners' "Consumer Credit Insurance Regulation" (Model 370) as adopted in 1996.

1.2. Authority. -- W. Va. Code §§ 33-2-10 and 46A-3-109(c).

1.3. Filing Date. -- May 10, 2011.

1.4. Effective Date. -- July 1, 2011.

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