Current through Register Vol. XLI, No. 50, December 13, 2024
Section 85-31-4 - PEO Workers' Compensation Insurance Policies4.1. The purpose of this section is to implement W. Va. Code § 33-46A-7 relating to workers' compensation policies for PEOs and their client-employers.4.2. In the voluntary market, workers' compensation policies for PEOs and their client employers may be issued on a master policy basis, MCP basis or such other form as approved by the Commissioner.4.3. Policies of worker's compensation insurance for PEOs and their client employers in the residual market shall not be issued on a master policy basis. Such policies shall only be issued on forms submitted by servicing carriers and approved by the Commissioner.4.4. Every policy form of workers' compensation insurance to be used for PEOs and their client-employers must be filed by the private carrier using the policy or the Commissioner's designated rating organization no less than sixty (60) days in advance of such policy being used by the private carrier. At the expiration of the sixty (60) day period, unless the period was extended by the Commissioner to obtain additional information from the private carrier, the form is deemed to be approved unless prior thereto it was affirmatively approved or disapproved by the Commissioner. Approval of any form under this subsection by the Commissioner constitutes a waiver of any unexpired portion of the sixty (60) day period.