There Is a Newer Version
of
the West Virginia Code
2012 West Virginia Code
CHAPTER 33. INSURANCE
ARTICLE 21. RECIPROCAL INSURERS.
§33-21-3. Kinds of insurance.
Universal Citation:
WV Code § 33-21-3 (through 1st Spec. Sess. 2012)
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on the American Association of Law Libraries Universal Citation Guide and is not
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A reciprocal insurer, upon being licensed therefor as provided in this article, when possessed of and maintaining on deposit surplus funds equal to the minimum capital required of a stock insurer to transact like kinds of insurance, may transact fire, marine, casualty or surety insurance, and may purchase reinsurance upon the risk of any subscriber, and may grant reinsurance as to any kind of insurance it is licensed to transact direct. No reciprocal insurer shall be licensed to transact, nor shall any reciprocal insurer transact, life or accident and sickness insurance.
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