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W. Va. Code § 33-31A-7

Authorized participants

West Virginia · West Virginia Code Chapter 33 — Insurance · Status: effective

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W. Va. Code § 33-31A-7, Authorized participants, West Virginia, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2384205
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Associations, corporations, limited liability companies, partnerships, trusts and other business entities may be participants in any sponsored captive insurance company formed or licensed under this chapter. A sponsor may be a participant in a sponsored captive insurance company. A participant need not be a shareholder of the sponsored captive insurance company or any affiliate thereof. A participant shall insure only its own risks through a sponsored captive insurance company.