W. Va. Code § 33-61-9
Types of coverage authorized; discretionary participation
West Virginia · West Virginia Code Chapter 33 — Insurance · Status: effective
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- W. Va. Code § 33-61-9, Types of coverage authorized; discretionary participation, West Virginia, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2384571
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Full text
(a) Upon approval by the commissioner for a license to transact insurance in this state, the company may issue nonassessable policies of performance bonds.
(b) Operators may procure nonassessable policies of performance bonds from the company or other allowable providers to satisfy the requirements of §22-3-11 of this code.
(c) Nothing in this article shall require compulsory participation in purchasing bonds from the company by operators.