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WEST VIRGINIA CODE

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WVC 33 - 31 A- 7 §33-31A-7. Authorized participants.
Associations, corporations, limited liability companies, partnerships, trusts and other business entities may be participants in any sponsored captive insurance company formed or licensed under this chapter. A sponsor may be a participant in a sponsored captive insurance company. A participant need not be a shareholder of the sponsored captive insurance company or any affiliate thereof. A participant shall insure only its own risks through a sponsored captive insurance company.

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