W. Va. Code R. § 114-31-1

Current through Register Vol. XLI, No. 49, December 6, 2024

Section 114-31-1 - General

1.1. Scope. -- This legislative rule implements the provisions of Article 6C, Chapter thirty-three of the West Virginia Code. That article permits, but does not require, an insurer offering individual sickness and accident insurance policies to operate on the basis of a guaranteed loss ratio established by the Insurance Commissioner. Any insurer that is approved to operate on a guaranteed loss ratio basis is exempt from filing rate increase applications as would otherwise be required by the Commissioner.

1.2. Authority. -- W. Va. Code §§ 33-2-10 and 33-6C-3.

1.3. Filing Date. -- April 29, 2008.

1.4. Effective Date. -- April 29, 2008.

W. Va. Code R. § 114-31-1