The commissioner after notice and hearing shall refuse to renew or shall revoke or suspend the license of any insurer:
(a) If such action is required by any provision of this chapter;
(b) If the insurer no longer meets the requirements for the license originally granted, because of deficiency of assets or otherwise.
Structure West Virginia Code
Article 3. Licensing, Fees and Taxation of Insurers
§33-3-2. Qualifications for License
§33-3-3. Prerequisites to Issuance of Charter for Domestic Insurer
§33-3-4. Charter, Documents and Information to Be Filed
§33-3-5b. Capital and Surplus Requirements
§33-3-7. Issuance of License to Transact Insurance; Kinds of Insurance Authorized to Be Transacted
§33-3-8. Expiration of License; Renewal
§33-3-10. Mandatory Refusal, Revocation or Suspension
§33-3-11. Discretionary Refusal, Revocation or Suspension; Penalty in Lieu Thereof; Reissuance
§33-3-12. Deceptive, Misleading or Conflicting Names of Insurers
§33-3-14a. Additional Premium Tax
§33-3-14b. Credits Against Premium Tax for Investment in West Virginia Securities
§33-3-14c. Computation and Payment of Tax
§33-3-14e. Use of Insurance Premium Tax Proceeds to Support Health Sciences and Medical Schools
§33-3-33b. Report Regarding Volunteer Firefighter Workers’ Compensation Coverage