There is a newer version
of
this Section
2019 West Virginia Code
Chapter 33. Insurance
Article 15E. Discount Medical Plan Organizations and Discount Prescription Drug Plan Organizations Act
§33-15E-5. Minimum Capital Requirements
Universal Citation: WV Code § 33-15E-5 (2019)
(a) Before the commissioner issues a license to any person required to obtain a license under section four of this article, the person seeking to operate a discount medical plan organization shall demonstrate that it has a positive net worth of at least $150,000.
(b) Each discount medical plan organization shall at all times maintain a positive net worth of at least $150,000.
Disclaimer: These codes may not be the most recent version. West Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.