West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-80 - Viatical Settlements
Section 114-80-1 - General
Universal Citation: 114 WV Code of State Rules 114-80-1
Current through Register Vol. XLI, No. 38, September 20, 2024
1.1. Scope. -- The purpose of this rule is to implement W. Va. Code §33-13C relating to the regulation of persons and institutions engaged in the business of viatical settlements in West Virginia and to protect the public from unfair and unconscionable practices in the course of that business. This rule is based on the National Association of Insurance Commissioners' "Viatical Settlement Regulation" (Model 698), as amended in 2004.
1.2. Authority. -- W. Va. Code §§ 33-2-10, 33-13C-3(b), 33-13C-5(b), 33-13C-12(d) and 33-13C-17.
1.3. Filing Date. -- April 14, 2010.
1.4. Effective Date. -- April 14, 2010.
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