West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-21 - WV Essential Property Insurance Association
Section 114-21-6 - Commencement and Termination of Operation
Universal Citation: 114 WV Code of State Rules 114-21-6
Current through Register Vol. XLI, No. 38, September 20, 2024
6.1. Commencement of operation. The Association shall begin issuing policies of insurance for risks found insurable by the Association effective November 1, 1986.
6.2. Termination of operation. The Association shall be dissolved at the earliest date when essential property insurance coverage becomes readily available in the voluntary market.
a. Dissolution of the Association is subject to
approval of the Commissioner.
b.
Dissolution of the Association shall be accomplished under the supervision of the
Commissioner in an equitable and reasonable manner.
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