WVC 33 - 15 E- 6
§33-15E-6. Surety bond requirements.
Each licensed discount medical plan organization shall
maintain in force a surety bond in its own name, in an amount not
less than thirty-five thousand dollars, in favor of the
commissioner for the benefit of any person who is damaged by any
violation of this article. The bond shall cover any violation
occurring during the time period during which the bond is in effect
and shall be issued by an insurance company licensed to do business
in this state. A copy of the bond or a statement identifying the
depository, trustee, and account number of the surety account, and
thereafter proof of annual renewal of the bond or maintenance of
the surety account, shall be filed with the commissioner.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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