West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-40 - Credit For Reinsurance
Section 114-40-8 - Credit for Reinsurance Required by Law
Universal Citation: 114 WV Code of State Rules 114-40-8
Current through Register Vol. XLI, No. 38, September 20, 2024
Pursuant to W. Va. Code § 33-4-15a(b)(2)(G), the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of W. Va. Code §§ 33-4-15a(b)(2)(A); 33-4-15a(b)(2)(B); 33-4-15a(b)(2)(C); 33-4-15a(b)(2)(D); 33-4-15a(b)(2)(E); and 33-4-15a(b)(2)(F), but only as to the insurance of risks located in jurisdictions where the reinsurance is required by the applicable law or regulation of that jurisdiction. As used in this section, "jurisdiction" means a state, district or territory of the United States and any lawful national government.
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