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.
Structure West Virginia Code
Article 26. West Virginia Guaranty Association Act
§33-26-6. Creation of the Association
§33-26-8. Powers and Duties of the Association
§33-26-10. Duties and Powers of the Commissioner
§33-26-11. Effect of Paid Claims
§33-26-12. Exhaustion of Other Coverage; Deductible Reimbursement
§33-26-13. Prevention of Insolvencies
§33-26-14. Examination of Association; Financial Report
§33-26-16. Recognition of Assessments in Rates
§33-26-18. Stay of Proceedings; Reopening of Default Judgments