Current through Register Vol. XLI, No. 50, December 13, 2024
Section 114-7-1 - General1.1. Scope. -- The purpose of this regulation is to set forth requirements to be followed by insurers and agents transacting life insurance in West Virginia under a plan whereby life insurance policies are offered to college students under premium financing arrangements. This regulation encompasses the financing arrangements, disclosure requirements and general selling practices of insurers and agents offering life insurance policies to college students whereby premiums are to be paid under a premium financing arrangement. All insurers and agents participating in such an arrangement shall be subject to the provisions of this regulation.1.2. Authority. -- W. Va. Code '33-2-10 and '33-11-61.3. Filing Date. -- May 13, 19701.4. Effective Date. -- July 1, 1970