WVC 33 - 21 - 14
§33-21-14. Who may be subscribers.
Individuals, partnerships, and corporations of this state
may make application, enter into agreement for and hold policies
or contracts in or with and be a subscriber of any domestic,
foreign, or alien reciprocal insurer. Any public or private
corporation now or hereafter created by or organized under the
laws of this state shall, in addition to the rights, powers, and
franchises specified in its articles of incorporation, have full
power and authority as a subscriber to exchange insurance
contracts through such reciprocal insurance. The right to
exchange such contracts is hereby declared to be incidental to
the purposes for which such corporations are organized and to be
as fully granted as the rights and powers expressly conferred
upon such corporations. Any officer, representative, trustee,
receiver, or legal representative of any such subscriber shall be
recognized as acting for or on its behalf for the purpose of such
contract but shall not be personally liable upon such contract by
reason of acting in such representative capacity.
Note: WV Code updated with legislation passed through the 2016 Regular Session
The West Virginia Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.