§33-12-30. Termination of Contractual Relationship Prohibited
No insurance company may cancel, refuse to renew or otherwise terminate a written contractual relationship with any individual insurance producer who has been employed or appointed pursuant to that written contract by an insurance company as a result of any analysis of a loss ratio resulting from claims paid under the provisions of an endorsement […]
§33-12-31. Termination of Contractual Relationship; Continuation of Certain Commissions; Exceptions
(a) In the event of a termination of a contractual relationship between a duly licensed individual insurance producer and an automobile insurer of private passenger automobiles who is withdrawing from writing private passenger automobile insurance within the state, the insurer shall pay the individual insurance producer a commission, equal to the commission the individual insurance […]
§33-12-32. Limited Licenses for Rental Companies
(a) Purpose. — This section authorizes the Insurance Commissioner to issue limited licenses for the sale of automobile rental coverage. (b) Definitions. — The following words when used in this section shall have the following meanings: (1) "Authorized insurer" means an insurer that is licensed by the commissioner to transact insurance in West Virginia.
§33-12-17. Expiration of License; Renewal
(a) The commissioner may, in his or her discretion, fix the dates of expiration of respective licenses for individual insurance producers and solicitors in any manner as is considered by him or her to be advisable for an efficient distribution of the work load of his or her office. If the expiration date so fixed […]
§33-12-18. Individual Insurance Producer to Deal Only With Licensed Insurer or Solicitor; Appointment as Individual Insurance Producer Required
(a) An individual insurance producer may not act as an agent of an insurer unless the individual insurance producer becomes an appointed agent of that insurer. An individual insurance producer who is not acting as an agent of an insurer is not required to become appointed. (b) To appoint an individual insurance producer as its […]
§33-12-19. Solicitor to Act Only Through Appointed Agent
A solicitor shall solicit and receive applications for insurance only for the duly licensed agent who appointed such solicitor, and shall report all business through the agent. The expiration, cancellation, suspension or revocation of the license of the appointing agent shall automatically expire, cancel, suspend or revoke the solicitor's license in like manner, and the […]
§33-12-20. Personal Liability of Agent
Any agent who participates directly or indirectly in effecting any insurance contract, except authorized reinsurance, upon any subject of insurance resident, located or to be performed in this state, where the insurer is not licensed to transact insurance in this state, shall be personally liable upon the contract as though such agent were the insurer […]
§33-12-21. Coverage Must Be Placed With a Solvent Insurer
No agent, or excess line broker shall knowingly place any coverage in an insolvent insurer.
§33-12-22. Person Soliciting Insurance Is Agent of Insurer
Any person who shall solicit within this state an application for insurance shall, in any controversy between the insured or his or her beneficiary and the insurer issuing any policy upon such application, be regarded as the agent of the insurer and not the agent of the insured.
§33-12-23. Payment of Commissions
(a) The entire commission payable by any insurer licensed to transact insurance in this state on any insurance policy shall be paid directly to the licensed individual insurance producer who countersigns the policy. The countersigning individual insurance producer may not pay any part of the commission to any person other than a licensed individual insurance […]