For the purpose of completely novating the physician liability currently borne by the state under the West Virginia health care provider professional liability insurance availability act found in article twelve-b, chapter twenty-nine of this code, and to help capitalize the physicians' mutual insurance company created pursuant to article twenty-f of this chapter, and for all the reasons set forth in section two of said article, the Insurance Commissioner shall impose a special one-time assessment of $2,500 on all insurers licensed under this chapter for the privilege of writing insurance in the State of West Virginia, except risk retention groups defined in subsection (f), section four, article thirty-two of this chapter and risk purchasing groups defined in subsection (e), section seventeen of said article. The assessment is due and payable on July 1, 2003. The commissioner shall transfer funds collected pursuant to this section to the physicians' mutual insurance company.
Structure West Virginia Code
Article 2. Insurance Commissioner
§33-2-1. Office Continued; Appointment, Qualifications and Term
§33-2-2. Compensation and Expenses of Commissioner and Employees; Location of Office
§33-2-3. Duties of the Commissioner; Employment of Legal Counsel
§33-2-3a. Administrative Investigations
§33-2-4. Authority to Take Depositions, Subpoena Witnesses, etc.
§33-2-6. Service of Subpoena; Compelling Compliance
§33-2-8. Insured to Produce Records Upon Request
§33-2-9. Examination of Insurers, Agents, Brokers and Solicitors; Access to Books, Records, etc.
§33-2-9a. Imposing a One-Time Assessment on All Insurance Carriers
§33-2-10. Rules and Regulations
§33-2-10a. Insurance Emergencies -- Suspension of Deadlines
§33-2-11. Enforcement of Orders; Revocation of Licenses; Court Action
§33-2-15. Annual Report by Commissioner
§33-2-15a. Annual Flood Insurance Communication to Public Entities by Commissioner
§33-2-15b. Reports to the Legislature
§33-2-15c. Reports to the Legislature
§33-2-15d. Report to the Legislature
§33-2-17. Office of Consumer Advocacy
§33-2-19. Confidentiality of Information
§33-2-21a. State Agency Workers' Compensation Programs
§33-2-23. Transfer of Assets of the State Office of the National Flood Insurance Program