W. Va. Code R. § 114-10-17

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 114-10-17 - Enforcement Procedures

17.1. Advertising file. -- Each insurer shall maintain at its home or principal office a complete file containing every printed, published or prepared advertisement of its individual policies and typical printed, published or prepared advertisements of its blanket, franchise and group policies hereafter disseminated in this or any other state whether or not licensed in such other state, with a notation attached to each such advertisement which shall indicate the manner and extent of distribution and the form number of any policy advertised. Such file shall be subject to regular and periodic inspection by this Department. All such advertisements shall be maintained in said file for a period of either four (4) years or until the filing of the next regular report of examination of the insurer, whichever is the longer period of time.

17.2. Certificate of compliance. -- Each insurer required to file an annual statement which is now or which hereafter becomes subject to the provisions of this regulation must file with this Department with its annual statement a Certificate of Compliance executed by an authorized officer of the insurer wherein it is stated that to the best of his knowledge, information and belief the advertisements which were disseminated by the insurer during the preceding statement year complied or were made to comply in all respects with the provisions of this regulation and the insurance laws of this State as implemented and interpreted by this regulation.