(a) All deposits required for a license to transact insurance in West Virginia shall consist of cash or any combination of the government obligations described in paragraph (A) or (B), subdivision (1), subsection (a), section eleven, article eight of this chapter or paragraph (A), (B) or (C), subdivision (3) of said subsection.
(b) All deposits required pursuant to the laws of another state, province or country, or pursuant to the retaliatory provision, section sixteen, article three of this chapter, shall consist of those assets that are required or permitted by the laws, or as required pursuant to the retaliatory provision.
Structure West Virginia Code
Article 9. Administration of Deposits
§33-9-3. Assets Eligible for Deposit
§33-9-4. Trust Companies as Depositories; State Responsible for Safekeeping and Return of Deposits
§33-9-5. Rights of Solvent Insurer
§33-9-7. Release of Deposits -- Generally
§33-9-8. Release of Deposits -- Order of Commissioner Required