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WEST VIRGINIA CODE

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WVC 33 - 31 A- 6 §33-31A-6. Qualification of sponsors.
A sponsor of a sponsored captive insurance company shall be an insurer licensed under the laws of any state, a reinsurer authorized or approved under the laws of any state or a captive insurance company formed or licensed under this article. A risk retention group shall not be either a sponsor or a participant of a sponsored captive insurance company.

Note: WV Code updated with legislation passed through the 2012 1st Special Session