Current through Register Vol. XLI, No. 50, December 13, 2024
Section 115-2-2 - Definitions2.1. "Board" means the state board of risk and insurance management. 2.2. "Entity" means the political subdivisions, charitable or public service organizations and emergency medical service agencies requesting or obtaining liability or property insurance. 2.3. "Fee agreement" means the agreement between the entity and producer designating the producer as producer of record for the entity and authorizing the board to pay the producer of record the commission established in the agreement. 2.4. "Producer" means a person licensed by the West Virginia Insurance Commissioner under the laws of West Virginia to sell, solicit or negotiate property and casualty insurance.