West Virginia Code
Article 27. Insurance Holding Company Systems
§33-27-10. Receivership

Whenever it appears to the commissioner that any person has committed a violation of this article which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, then the commissioner may take possession of the property of such domestic insurer and proceed as provided in article ten of this chapter.

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Structure West Virginia Code

West Virginia Code

Chapter 33. Insurance

Article 27. Insurance Holding Company Systems

§33-27-1. Short Title

§33-27-2. Definitions

§33-27-2a. Subsidiaries of Insurers; Authorization; Investment Authority; Exemptions; Qualifications; Cessation of Controls

§33-27-3. Acquisition of Control of or Merger With Domestic Insurer; Filing Requirements; Statements; Alternative Filing Material; Approval by the Commissioner; Hearings; Notice; Mailings to Shareholders; Expenses; Exemptions; Violations and Jurisdic...

§33-27-3a. Acquisitions Involving Insurers Not Otherwise Covered; Definitions; Scope; Pre-Acquisition Notification and Waiting Period; Competitive Standard; Orders and Penalties

§33-27-4. Registration of Insurers; Information and Form Required; Summary of Changes to Registration Statement; Materiality; Reporting of Dividends to Shareholders; Information to Insurers; Termination of Registration; Consolidated Filing; Alternati...