(a) The commissioner may declare a surplus lines insurer ineligible if the commissioner has reason to believe that:
(1) Is in unsound financial condition or has acted in an untrustworthy manner;
(2) No longer meets standards set forth in subsection (c) of this section;
(3) Has willfully violated the laws of this state; or
(4) Does not conduct a proper claims practice;
(b) The commissioner shall promptly mail notice of all such declarations to each surplus lines licensee.
Structure West Virginia Code
§33-12C-2. Purpose - Necessity for Regulation
§33-12C-4. Placement of Insurance Business
§33-12C-5. Surplus Lines Insurance
§33-12C-6. Withdrawal of Eligibility as a Surplus Lines Insurer
§33-12C-6a. Debris Removal Liens; Noncompliance; Penalties
§33-12C-8. Surplus Lines Licenses
§33-12C-9. Suspension, Revocation or Nonrenewal of Surplus Lines Licensee's License
§33-12C-10. Actions Against Eligible Surplus Lines Insurers Transacting Surplus Lines Business
§33-12C-11. Duty to File Evidence of Insurance and Affidavits
§33-12C-12. Evidence of the Insurance and Subsequent Changes to the Insurance
§33-12C-13. Licensee's Duty to Notify Insured
§33-12C-14. Effect of Payment to Surplus Lines Licensee
§33-12C-15. Surplus Lines Licensees May Accept Business From Other Producers
§33-12C-16. Records of Surplus Lines Licensee
§33-12C-17. Reports - Summary of Exported Business
§33-12C-20. Service of Process
§33-12C-21. Legal or Administrative Procedures
§33-12C-23. Suits by Nonadmitted Insurers
§33-12C-24. Countersignature Requirements
§33-12C-26. Coverage Must Be Placed in Solvent Insurer