W. Va. Code R. § 114-80-1

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

Section 114-80-1 - General

1.1. Scope. -- The purpose of this rule is to implement W. Va. Code §33-13C relating to the regulation of persons and institutions engaged in the business of viatical settlements in West Virginia and to protect the public from unfair and unconscionable practices in the course of that business. This rule is based on the National Association of Insurance Commissioners' "Viatical Settlement Regulation" (Model 698), as amended in 2004.

1.2. Authority. -- W. Va. Code §§ 33-2-10, 33-13C-3(b), 33-13C-5(b), 33-13C-12(d) and 33-13C-17.

1.3. Filing Date. -- April 14, 2010.

1.4. Effective Date. -- April 14, 2010.

W. Va. Code R. § 114-80-1