WVC 33 - 48 - 7 A
§33-48-7a. Special revenue account created.
(a) There is hereby created a special revenue account in the
State Treasury, designated the "West Virginia Health Insurance Plan
Fund", which shall be an interest-bearing account and may be
invested in the manner permitted by article six, chapter twelve of
this code, with the interest income a proper credit to the fund,
unless otherwise designated in law. The fund shall be administered
by the commissioner, under the supervision and control of the
board, and used to pay all proper costs incurred in implementing
the provisions of this article, all administrative costs of the
plan, all claims and all proper ongoing costs of the plan. Moneys
deposited into this account are available for expenditure as the
commissioner may direct in accordance with the provisions of this
(b) The following funds shall be paid into this account:
(1) All premium payments received from individuals insured by
(2) All other payments, gifts or income from any source; and
(3) Transfers from the health care authority of all proceeds
generated from the additional assessment collected pursuant to
subsection (b), section seven of this article at any time after the
first day of July, two thousand four.
Note: WV Code updated with legislation passed through the 2015 Regular Session
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