West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-15 - Examiners And Examinations
Section 114-15-3 - Examination, Analysis and Review Funding

Universal Citation: 114 WV Code of State Rules 114-15-3

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

3.1. Every entity subject to the provisions of W. Va. Code § 33-2-9 shall remit the examination assessment fee specified by the code or as increased by the commissioner on or before the first day of July of each year.

3.2. Every entity subject to the provisions of W. Va. Code § 33-2-9 shall remit any additional examination assessment fee ordered by the commissioner on or before the date specified by the order.

3.3. The monies collected by the commissioner from the examination assessment fee and any additional examination assessment fee shall be deposited as specified in W. Va. Code § 33-2-9. The monies deposited into the commissioner's examination revolving fund may be used for any of the following:

a. Salaries and expenses of the insurance commissioner's accredited examiners as specified in this rule for any activities conducted pursuant to W. Va. Code § 33-2-9 or this rule;

b. Salaries and/or expenses of the insurance commissioner's special deputies or other employees for activities conducted pursuant to W. Va. Code § 33-2-9 or this rule;

c. Salaries, contract rates, fees and/or expenses of other individuals or entities for activities conducted pursuant to W. Va. Code § 33-2-9 or this rule; and

d. Equipment, supplies, travel, education, and training and other incidental expenses for the commissioner, his or her deputies, other employees and accredited examiners as considered necessary by the commissioner for the performance of the duties and activities conducted pursuant to W. Va. Code § 33-2-9 or this rule.

3.4. Other individuals or entities, when authorized in writing by the commissioner, may, and to the extent the commissioner considers necessary, bill and receive payments directly from the entities subject to examination under the provisions of W. Va. Code § 33-2-9 and this rule for their work, travel and living expenses at rates approved by the commissioner, while involved in any of the activities set forth in this section.

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