West Virginia Code > Chapter 33 > Article 3A – State of Entry for Foreign Insurers


33-3A-1	Definitions
33-3A-2	Scope
33-3A-3	Authorization of entry
33-3A-4	Maintenance of trust account
33-3A-5	Requirements for trust agreement
33-3A-6	Reporting requirements for U.S. branches of nonU.S. insurers
33-3A-7	Additional requirements for the U.S. branch license
33-3A-8	Authority of commissioner

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In West Virginia Code > Chapter 33 > Article 3A - State of Entry for Foreign Insurers

Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
Continuance: Putting off of a hearing ot trial until a later time.
Deed: The legal instrument used to transfer title in real property from one person to another.
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
Judgment: includes decrees and orders for the payment of money, or the conveyance or delivery of land or personal property, or some interest therein, or any undertaking, bond or recognizance which has the legal effect of a judgment. See West Virginia Code 2-2-10
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. ^{Source: OCC}
Trustee: A person or institution holding and administering property in trust.