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Home » US Law » 2022 West Virginia Code » Chapter 33. Insurance » Article 60. Insurance Innovation » §33-60-5. Time Period of Beta Test; Extension of Time Period; Penalties for Violation of Limited No-Action Letter

(a) The time period for a beta test shall be three years. The time period may be extended by the commissioner in the notice of acceptance for a period that is not longer than one year if a request is made in accordance with 33-60-2(a)(5)(B) of this code.

(b) During the beta test, the participant and any clients of the participant shall:

(1) Comply with all terms and conditions set forth in the limited no-action letter; and