(a) In the event of a termination of a contractual relationship between a duly licensed individual insurance producer and an automobile insurer of private passenger automobiles who is withdrawing from writing private passenger automobile insurance within the state, the insurer shall pay the individual insurance producer a commission, equal to the commission the individual insurance producer would have otherwise been entitled to under his or her contract with the insurer, for a period of two years from the date of termination of the contractual relationship for those renewal policies that cannot otherwise be canceled or nonrenewed pursuant to law, which policies the individual insurance producer continues to service. The insurer must continue the appointment of the individual insurance producer for the duration of time the individual insurance producer continues to service the business: Provided, That this requirement shall not obligate the withdrawing insurer to accept any new private passenger automobile insurance within the state.
(b) Subsection (a) of this section does not apply to an individual insurance producer who is an employee of the insurer or an individual insurance producer as defined by article twelve-a of this chapter or an individual insurance producer who by contractual agreement either represents only one insurer or group of affiliated insurers or who is required by contract to submit risks to a specified insurer or group of affiliated insurers prior to submitting them to others.
Structure West Virginia Code
Article 12. Insurance Producers and Solicitors
§33-12-4. Exceptions to Licensing
§33-12-5. Application for Examination
§33-12-6. Application for License
§33-12-6a. Residency–individuals–agencies
§33-12-6b. Licensing of Agencies
§33-12-7. Board of Insurance Agent Education
§33-12-8. Continuing Education Required
§33-12-8a. Producer Training for Long-Term Care Products; Record Retention Requirements
§33-12-12. Nonresident Licensing
§33-12-13. Agent Resident in Contiguous Municipalities
§33-12-14. Exemption From Examination
§33-12-16. Temporary Licensing
§33-12-17. Expiration of License; Renewal
§33-12-19. Solicitor to Act Only Through Appointed Agent
§33-12-20. Personal Liability of Agent
§33-12-21. Coverage Must Be Placed With a Solvent Insurer
§33-12-22. Person Soliciting Insurance Is Agent of Insurer
§33-12-23. Payment of Commissions
§33-12-24. Revocation, Suspension or Refusal to Renew License; Penalty
§33-12-25. Termination of Authority to Represent Insurer
§33-12-27. Payment of Commissions Under Assigned Risk Plan
§33-12-28. Service Representative Permit
§33-12-29. Notice of Hearing Before the Commissioner; Failure to Appear; Entry of Orders; Appeal
§33-12-30. Termination of Contractual Relationship Prohibited
§33-12-31. Termination of Contractual Relationship; Continuation of Certain Commissions; Exceptions
§33-12-32. Limited Licenses for Rental Companies
§33-12-32a. Exemption for Portable Electronics
§33-12-32b. Travel Insurance Entity Producer Limited License Act
§33-12-34. Reporting of Actions
§33-12-37. Authorization for Criminal History Record Check; Fees; Rules