There is created a nonprofit unincorporated legal entity to be known as the West Virginia Insurance Guaranty Association. All insurers defined as member insurers in section five of this article shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under section nine of this article and shall exercise its powers through a board of directors established under section seven of this article. For purposes of administration and assessment, the association shall establish and maintain three separate accounts:
(1) The automobile insurance account;
(2) The workers' compensation insurance account; and
(3) The account for all other insurance to which this article applies.
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