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Home » US Law » 2022 West Virginia Code » Chapter 33. Insurance » Article 35. Criminal Sanctions for Failure to Report Impairment

§33-35-1. Definitions

For the purposes of this article, the following words shall mean: (a) "Insurer" means any insurance company or other insurer licensed to do business in this state. This includes, but is not limited to, any domestic insurer as defined in section six, article one of this chapter and includes any domestic stock insurance company, mutual […]

§33-35-2. Duty to Notify

(a) Whenever an insurer is impaired, its chief executive officer shall immediately notify the commissioner in writing of such impairment and shall also immediately notify in writing all of the members of the board of directors, board of trustees or other similar governing body of the insurer. (b) Any officer, director or trustee of an […]

§33-35-3. Penalty

(a) Any person who knowingly violates section two of this article is guilty of a misdemeanor, and, upon conviction thereof, shall be fined not more than $50,000 or be imprisoned in the county jail not more than one year, or both fined and imprisoned. (b) Any person who knowingly: (1) Conceals any property belonging to […]