W. Va. Code R. § 114-21-6

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

Section 114-21-6 - Commencement and Termination of Operation

6.1. Commencement of operation. The Association shall begin issuing policies of insurance for risks found insurable by the Association effective November 1, 1986.

6.2. Termination of operation. The Association shall be dissolved at the earliest date when essential property insurance coverage becomes readily available in the voluntary market.

a. Dissolution of the Association is subject to approval of the Commissioner.

b. Dissolution of the Association shall be accomplished under the supervision of the Commissioner in an equitable and reasonable manner.

W. Va. Code R. § 114-21-6