West Virginia Legislature
Code of West Virginia, 1931
Official Recodification - Enacted December 31, 1930 - Effective January 1, 1931
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6,321 of 6,321 sections
Showing 3,351–3,400 of 6,321 sections
Code Chapter Article Section Heading Section Text Preview Status
33-3-25 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Life Insurance Personal Liability and Penalty for Improper Loan or Investment Every officer or director of a life insurance company knowingly consenting to a loan or investment in willful violation of any provision of sections twenty, twe… Proofed
33-3-26 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Life Insurance Taking Stocks or Bonds on Sale of Property Acquired in Payment of Loan In all cases in which any life insurance company of this State shall have legally acquired, in payment of a debt previously contracted, any property, real or pe… Proofed
33-3-27 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Life Insurance Discontinuance of Business Pending Insolvency or Noncompliance With Laws If the insurance commissioner shall at any time find that the assets of any life insurance company incorporated under the laws of this State are less than its l… Proofed
33-3-28 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Life Insurance Proceedings on Insolvency If at any time the assets of any life insurance company be found by the insurance commissioner to be less than its liabilities, he may bring his suit in equity … Proofed
33-3-29 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Life Insurance Circuit Judge May Act in Vacation in Insolvency Proceedings Whenever proceedings commenced by the insurance commissioner under the provisions of section twenty-seven of this article shall be pending in the circuit court,… Proofed
33-3-30 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Life Insurance Ascertainment of Net Value of Policies of Insolvent Companies The insurance commissioner shall ascertain the net present value of each policy in force in such company at the time of the repeal of its charter upon the same … Proofed
33-3-31 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Life Insurance What Liabilities of Life Insurance Company Include The liabilities of any such company for all the purposes of the proceedings mentioned in section twenty-eight of this article shall include the net present valu… Proofed
33-3-32 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Life Insurance Obtaining Money From Insurance Company by Fraud Every person who shall obtain, or attempt to obtain, from any life or accident insurance company of this State, any money on any policy of insurance issued by i… Proofed
33-3-33 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Life Insurance Vouchers for Disbursements No domestic life insurance company shall make any disbursement of one hundred dollars or more unless the same be evidenced by a voucher signed by or on behalf o… Proofed
33-3-34 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Life Insurance Rights of Creditors as to Policies in Favor of Another Person and Policies Assigned If a policy of insurance, whether heretofore or hereafter issued, is effected by any person on his own life or on another life, in favor of a person other than … Proofed
33-4-1 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Scope of Fire Insurance Insurance companies authorized under the laws of this State having power to insure against loss by fire may make insurance (a) against loss or damage to dwellin… Proofed
33-4-2 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Conditions Precedent to Doing Business by Fire and Marine Companies No fire or fire and marine insurance company or association incorporated or organized under the laws of this State or of any other state or territory of the Uni… Proofed
33-4-3 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Conditions on Which Mutual Companies of Other States May be Admitted Any mutual fire or fire and marine insurance company located in any other state or territory of the United States, or the District of Columbia, and possessed of… Proofed
33-4-4 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Reports to be Made by Fire and Marine Companies Every fire and fire and marine insurance company doing business in this State shall annually, on or before the first day of March, render to the insurance commi… Proofed
33-4-5 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Fire and Marine Companies to Furnish Statement of Reinsurance Every fire or fire and marine insurance company authorized to transact business in this State shall, at the time of making its annual report to the insurance co… Proofed
33-4-6 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Amount of Insurance Which May be Carried in One Risk No fire or fire and marine insurance company doing business in this State shall expose itself to loss on any one risk to an amount exceeding ten per cent of its… Proofed
33-4-7 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Form of Fire Policies No fire insurance company, its officers or agents, shall make, issue or deliver for use any policy against loss by fire only, or the renewal of any such policy,… Unreviewed
33-4-8 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Additional Matter Which May be Inserted in Fire Policy No other or different provision, agreement, condition or clause shall be in any manner made a part of such contract or policy or indorsed thereon or added there… Proofed
33-4-9 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Liability of Fire Insurance Company in Case of Total or Partial Loss All fire insurance companies doing business in this State shall be liable, in case of total loss by fire or otherwise, as stated in the policy on any real estat… Proofed
33-4-10 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Proceedings on Insolvency of Fire and Marine Companies The insurance commissioner, either personally or by a committee appointed by him consisting of one or more persons not directors, officers, or agents, of any fi… Proofed
33-4-11 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Rating Bureaus; Membership; Expense; Fee; Vote Every fire insurance company or other insurer authorized to effect insurance against the risk of loss or damage by fire in this State shall maintain or be a mem… Proofed
33-4-12 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Specification of Membership in Rating Bureau Every fire insurance company or other insurer aforesaid shall, in its annual application for license, specify each rating bureau making rates upon property loca… Proofed
33-4-13 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Rate Schedules to be Filed; Rating Survey; Articles of Association, By-laws, Rules and Regulations Every rating bureau engaged in making rates on property located in this State shall inspect every risk specifically rated by it upon schedule and shall make a w… Proofed
33-4-14 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Rate Changes at Request of Bureau; at Direction of Commissioner; Review of Orders In the event that any rating bureau should desire to make a change in its established schedules, rules, regulations, contracts or agreements, it shall submit su… Proofed
33-4-15 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Commissioner May Require Reports as to Organization and Operation of Rating Bureaus The insurance commissioner may from time to time address inquiries to any individual or bureau which is engaged in making rates upon property in this State, in … Proofed
33-4-16 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Examination of Bureaus; Expense; Report The insurance commissioner shall have the power to examine any such rating bureau as often as he deems it expedient to do so, but not less than once every three… Proofed
33-4-17 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Unfair Discrimination Prohibited No fire insurance company or other insurer against the risk of fire, nor any rating bureau, shall fix or charge any rate for fire insurance upon property in thi… Proofed
33-4-18 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Uniform Deviations; Notice Any deviation of any company or insurer from the schedule of rates established and maintained by the bureau which it maintains, or of which it is a member, shal… Proofed
33-4-19 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Discrimination in Rates; Hearing; Review The insurance commissioner may, upon written complaint that discrimination in rates exists between risks in the application of like charges or credits, or discr… Proofed
33-4-20 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Schedules of Premium Receipts and Losses Paid to be Filed; Rate Changes Based Thereon; Review Every insurance company shall on or before the first day of March of each calendar year file in the office of the insurance commissioner a classification schedu… Proofed
33-4-21 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Exemptions; Right to Secure Information; Adjustments Obligatory at Request of any Company; Charges This article shall not apply to farmers’ mutual insurance companies organized under the laws of this State; nor to the rolling stock of railroad corporations, o… Proofed
33-4-22 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Fire and Marine Insurance Violations; Penalties Any violation of the provisions of this article by any fire insurance company or other insurer, or by any rate-making bureau, adjusting bureau, or officer or ag… Proofed
33-5-1 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Farmers’ Mutual Cooperative Fire Insurance Companies Definition A farmers’ mutual cooperative fire insurance company is hereby defined to mean a company incorporated under the laws of this State for the purpose of insuring p… Proofed
33-5-2 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Farmers’ Mutual Cooperative Fire Insurance Companies Approval of Charter by Insurance Commissioner No charter issued under the provisions of this Code to a farmers’ mutual cooperative fire insurance company shall have any force or effect until the same is app… Proofed
33-5-3 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Farmers’ Mutual Cooperative Fire Insurance Companies Necessity and Issuance of Certificate of Authority No such company shall commence the transaction of business until it receives from the insurance commissioner a certificate of authority, which certificate shall… Proofed
33-5-4 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Farmers’ Mutual Cooperative Fire Insurance Companies Issuance and Contents of Policies Every such company, when so authorized to transact business, may issue policies of insurance, signed by its president and secretary, agreeing in the name of the… Proofed
33-5-5 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Farmers’ Mutual Cooperative Fire Insurance Companies Collection of Assessments The secretary of any such company shall notify every member of the company of amounts due by written or printed notice signed by him, stating the amount due the… Proofed
33-5-6 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Farmers’ Mutual Cooperative Fire Insurance Companies Surplus or Emergency Fund Ever such company is authorized to accumulate a surplus or emergency fund in such amount as may be deemed advisable by its board of directors. Proofed
33-5-7 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Farmers’ Mutual Cooperative Fire Insurance Companies Annual Meetings; Votes; Transaction of Business; Election of Officers It shall be the duty of the board of directors to notify all policyholders of the time and place of the annual meeting of such policyholders, either by printing… Proofed
33-5-8 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Farmers’ Mutual Cooperative Fire Insurance Companies Person Passing on Application Not to Receive Commission No officer or other person whose duty it is to determine the character of the risk and upon whose decision the application shall be finally accepted or rejected… Proofed
33-5-9 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Farmers’ Mutual Cooperative Fire Insurance Companies Amount of Risk; What Insurance Contract Includes The maximum amount carried in any one risk or hazard subject to one fire shall not exceed one per cent of the whole amount of insurance in force at the time suc… Proofed
33-5-10 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Farmers’ Mutual Cooperative Fire Insurance Companies Dividends; Liability of Policyholder Limited to Losses and Expenses Incurred While Policy in Effect The dividends to policyholders may be paid annually or as the directors may determine, but the per cent of dividends shall not be so large as to require the pay… Proofed
33-5-11 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Farmers’ Mutual Cooperative Fire Insurance Companies Supervision by Insurance Commissioner; Annual Report; Fees; Agents; Companies Doing Similar Business Every such company shall be examined by the insurance commissioner or some other person appointed by him at least once in three years, and oftener if he deems i… Proofed
33-6-1 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Insurance Other Than Life, Fire and Marine Domestic Companies; Capital; Policies Every insurance company or association, other than life, fire or marine, incorporated under the laws of this State, and having its principal office or place of … Proofed
33-6-2 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Insurance Other Than Life, Fire and Marine Foreign Companies; Admission to do Business; Policies Every insurance company or association other than life, fire or marine, incorporated under the laws of any other state of the United States or any foreign count… Proofed
33-6-3 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Insurance Other Than Life, Fire and Marine Policies Subject to Regulation by Insurance Commissioner In addition to conforming to the provisions of the two preceding sections, the forms of all policies issued by such companies shall be subject to regulation and… Proofed
33-6-4 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Insurance Other Than Life, Fire and Marine Reserves The insurance commissioner may require the same standards for reserves for companies other than life, fire or marine licensed to do business in this State, as a… Proofed
33-6-5 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Insurance Other Than Life, Fire and Marine Adjustment of Claims by Accident and Health Companies; Improper Practices The insurance commissioner is hereby given power to investigate the method of adjusting all claims and to examine adjusting agents of any company doing accident… Proofed
33-7-1 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Agents, Solicitors and Brokers Licenses of Agents, Solicitors and Brokers; Compliance With Laws No person shall act in the solicitation or procurement of applications for, or policies of, insurance for any company referred to in this chapter, except as sol… Proofed
33-7-2 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS Agents, Solicitors and Brokers Special Licenses of Solicitors Any duly licensed insurance agent for a company other than life may, with the approval of such company, apply to the insurance commissioner for licenses for not… Proofed
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