West Virginia Code 33-3A-1 – Definitions
Current as of: 2023 | Check for updates
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(a) "Non-U.S. insurer" means an insurer organized under the laws of a foreign country.
Terms Used In West Virginia Code 33-3A-1
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(b) "United States branch" or "U.S. branch" means the business unit through which business is transacted within the United States by a non-U.S. insurer and the assets and liabilities of the insurer within the United States pertaining to such business.
(c) "Home jurisdiction" means the foreign country under whose laws the non-U.S. insurer has been organized.