West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-31 - Guaranteed Loss Ratios as Applied To Individual Sickness And Accident Insurance Policies
Section 114-31-1 - General

Universal Citation: 114 WV Code of State Rules 114-31-1

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

1.1. Scope. -- This legislative rule implements the provisions of Article 6C, Chapter thirty-three of the West Virginia Code. That article permits, but does not require, an insurer offering individual sickness and accident insurance policies to operate on the basis of a guaranteed loss ratio established by the Insurance Commissioner. Any insurer that is approved to operate on a guaranteed loss ratio basis is exempt from filing rate increase applications as would otherwise be required by the Commissioner.

1.2. Authority. -- W. Va. Code §§ 33-2-10 and 33-6C-3.

1.3. Filing Date. -- April 29, 2008.

1.4. Effective Date. -- April 29, 2008.

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