WVC 33 - 31 - 18
§33-31-18. Rules for controlled unaffiliated business.
The commissioner may adopt rules establishing standards to
ensure that a parent or affiliated company is able to exercise
control of the risk management function of any controlled
unaffiliated business to be insured by the pure captive insurance
company. Until such time as rules under this section are adopted,
the commissioner may approve the coverage of such risks by a pure
captive insurance company.