WVC 33 - 21 - 25
§33-21-25. Distribution of assets to subscribers upon
Upon the liquidation of a domestic reciprocal insurer, its
assets remaining after discharge of its indebtedness and policy
obligations, the return of any contributions of the attorney or
other persons to its surplus made as provided in section twenty-
three of this article, and the return of any unused premium,
savings, or credits then standing on subscribers' accounts, shall
be distributed to its subscribers who were such within the twelve
months prior to the last termination of its license, according to
such reasonable formula as the commissioner may approve.
Note: WV Code updated with legislation passed through the 2013 1st Special Session
The WV 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.