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