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West Virginia Insurance Guaranty Association
§ 33-26-2. Purpose.
The purpose of this article is to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to the extent provided in this article, minimize financial loss to claimants or policyholders because of the insolvency of an insurer, and to permit and to provide an association to assess the cost of this protection among insurers.
Acts 1970, c. 52; Acts 2017, c. 132, eff. July 7, 2017.
W. Va. Code, § 33-26-2, WV ST § 33-26-2
Current with legislation of the 2017 First Extraordinary.
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