In the case of a captive insurance company licensed as a branch captive, the alien captive insurance company shall petition the commissioner to issue a certificate setting forth the commissioner's finding that, after considering the character, reputation, financial responsibility, insurance experience and business qualifications of the officers and directors of the alien captive insurance company, the licensing and maintenance of the branch operations will promote the general good of the state. The alien captive insurance company may register to do business in this state after the commissioner's certificate is issued.
Structure West Virginia Code
§33-31-2. Licensing; Authority
§33-31-4. Minimum Capital and Surplus; Letter of Credit
§33-31-6. Formation of Captive Insurance Companies in This State
§33-31-7. Reports and Statements
§33-31-8. Examinations and Investigations
§33-31-9. Grounds and Procedures for Suspension or Revocation of License
§33-31-12. Rating Organizations; Memberships
§33-31-13. Exemption From Compulsory Associations
§33-31-14. Tax on Premiums Collected
§33-31-16a. Laws Applicable; Risk Retention Groups
§33-31-18. Rules for Controlled Unaffiliated Business
§33-31-19. Conversion to or Merger With Reciprocal Insurer
§33-31-20. Branch Captive Insurance Company Formation