No domestic insurer shall transact insurance in any "reciprocal state" in which it is not then duly and properly licensed to transact insurance.
(a) A reciprocal state, as used herein, shall mean a state which has in effect a similar prohibition against insurers domiciled in that state.
(b) This section shall not apply to:
(1) Contracts entered into where the prospective insurant is personally present in the state in which the insurer is authorized to transact insurance when they sign the application.
(2) The issuance of certificates under a lawfully transacted group life or group disability policy, where the master policy was entered into in a state in which the insurer was then authorized to transact insurance.
(3) Insurance covering persons or risks located in a reciprocal state, under contracts solicited and issued in states in which the insurer is then licensed. Nor shall it prohibit insurance effectuated by the insurer as an unauthorized insurer in accordance with the laws of the reciprocal state.
Structure West Virginia Code
§33-4-1. Compliance With Chapter Required
§33-4-2. Application of Chapter to Particular Types of Insurers
§33-4-3. Expiration of Existing Licenses
§33-4-4. Effect of Chapter on Existing Contracts
§33-4-5. Continuation of Existing Forms and Filings
§33-4-6. Effect of Repealed Laws on Existing Rights, Actions or Punishments
§33-4-7. Particular Provisions Prevail Over General Provisions
§33-4-9. Repeal of Inconsistent Provisions; Prior Law Not Revived
§33-4-11. Effective Date of Chapter
§33-4-12. Service of Process on Licensed Insurers
§33-4-13. Service of Process on Unlicensed Insurers
§33-4-15a. Credit for Reinsurance
§33-4-15b. Reinsurance Agreements; Reduction of Liability; Requirements
§33-4-17. Prohibited Interests of Officers and Directors in Certain Transactions
§33-4-18. Representation of Unlicensed Insurers Prohibited; Liability; Exceptions
§33-4-19. Domestics to Comply With Reciprocal State Laws
§33-4-21. Deceptive Sales on Military Bases Prohibited; Rules
§33-4-22. Payment for Services; Collaborative Relationship Is Not Required