WVC 33 - 22 - 10
§33-22-10. Contingent liability of member.
The contingent liability of a member of such company may, with
the approval of the commissioner, be limited to one or more times
the annual premium as computed for the policy and the company may
issue a policy without contingent liability to the member if at the
time of issuance the net premium written to surplus as to
policyholders does not exceed four to one and the company maintains
unearned premium and other reserves on the same basis as that
required of domestic insurers transacting like kinds of insurance.
In the absence of such limitation of contingent liability each
member shall be liable for his or her pro rata share of losses and
expenses of the company, including a reasonable contribution to a