W. Va. Code R. § 114-20-7

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

Section 114-20-7 - Export List

7.1. Commissioner may maintain export list. -- The commissioner may maintain an export list of insurance coverages and classes that may be placed with surplus lines insurers for insureds whose home state is West Virginia.

7.1.a. The commissioner may consider the following in determining the insurance coverages and classes to be listed:

7.1.a.1. The current marketplace;

7.1.a.2. Information from the surplus line licensees;

7.1.a.3. Information from admitted and surplus lines insurers doing business in West Virginia;

7.1.a.4. Information from other sources, including producers and consumers; and

7.1.a.5. Any other information the commissioner deems relevant.

7.1.b. Any person may request in writing that, at the next publication of the list, the commissioner add or remove a coverage or class of insurance from the list. The person must provide evidence of market conditions to substantiate the request.

7.1.c. The list, if maintained, may be published at least annually but may be revised and republished at any time.

W. Va. Code R. § 114-20-7