West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-07 - Premium Financing Of Life Insurance For College Students
Section 114-7-1 - General

Universal Citation: 114 WV Code of State Rules 114-7-1

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

1.1. Scope. -- The purpose of this regulation is to set forth requirements to be followed by insurers and agents transacting life insurance in West Virginia under a plan whereby life insurance policies are offered to college students under premium financing arrangements. This regulation encompasses the financing arrangements, disclosure requirements and general selling practices of insurers and agents offering life insurance policies to college students whereby premiums are to be paid under a premium financing arrangement. All insurers and agents participating in such an arrangement shall be subject to the provisions of this regulation.

1.2. Authority. -- W. Va. Code '33-2-10 and '33-11-6

1.3. Filing Date. -- May 13, 1970

1.4. Effective Date. -- July 1, 1970

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