West Virginia Code 33-3-10 – Mandatory refusal, revocation or suspension
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The commissioner after notice and hearing shall refuse to renew or shall revoke or suspend the license of any insurer:
Terms Used In West Virginia Code 33-3-10
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(a) If such action is required by any provision of this chapter;
(b) If the insurer no longer meets the requirements for the license originally granted, because of deficiency of assets or otherwise.