COMMITTEE SUBSTITUTE
FOR
H. B. 2182
(By Delegates Phillips, Gallagher, Vest and Michael)<fo=
1>
(Originating in the House Committee on Banking and Insurance)
[February 24, 1993]
A BILL to amend and reenact section nineteen, article twelve,
chapter thirty-three of the code of West Virginia, one
thousand nine hundred thirty-one, as amended, relating to
prohibiting an insurance agent from transacting any business
with unlicensed insurers, brokers or solicitors or
transacting any business on behalf of an insurer prior to
being appointed as agent for such insurer.
Be it enacted by the Legislature of West Virginia:
That section nineteen, article twelve, chapter thirty-three
of the code of West Virginia, one thousand nine hundred thirty-
one, as amended, be amended and reenacted to read as follows:
ARTICLE 12. AGENTS, BROKERS, SOLICITORS AND EXCESS LINE.
§33-12-19. Agent to deal only with licensed insurer, broker or
solicitor; appointment as agent required prior to
transacting business.
(a) No An agent shall may not accept any risk, place any
insurance or issue any policy except with an insurer licensed in
this state and for which insurer such agent has been appointedand licensed.
(b) No An agent shall may not accept any contract of
insurance from any broker not licensed in this state.
(c) No An agent shall may not employ or accept the services
of any solicitor not duly appointed and licensed as solicitor for
such agent.
(d) An agent may not solicit, market, sell or transact any
business of any kind on behalf of any insurer until after the
agent has been appointed as agent for that insurer pursuant to
the provisions of this article and such appointment has been
approved by the commissioner of insurance.