W. Va. Code R. § 114-21-11

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

Section 114-21-11 - Application For Insurance and Policy Issuance

11.1. Method of application. An eligible applicant may authorize a producer to make application to the Association for essential property insurance coverage. The application shall be accompanied by proof, in such form as may be prescribed or approved by the Commissioner, of the applicant's effort and inability to obtain essential property insurance in the voluntary market.

11.2. Policy issuance. Upon approval by the Association of an application for coverage and upon receipt by the Association of the premium due, the Association shall issue a policy and a binding receipt. The Association may decline to issue a policy and binding receipt when the applicant owes premium monies to the Association for previous insurance coverage.