West Virginia Code 33-32-15 – Countersignatures not required
Current as of: 2023 | Check for updates
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A policy of insurance issued to a risk retention group or any member of that group shall not be required to be countersigned.
Terms Used In West Virginia Code 33-32-15
- Insurance: means primary insurance, excess insurance,
reinsurance, surplus lines insurance and any other arrangement for shifting and distributing risk which is determined to be insurance under the laws of this state. See West Virginia Code 33-32-2
- Risk retention group: means any corporation or other
limited liability association formed under the laws of any state: (1) Whose primary activity consists of assuming and spreading all, or any portion, of the liability exposure of its group members. See West Virginia Code 33-32-2