West Virginia Code 33-20E-12 – Issuance of policy
Current as of: 2023 | Check for updates
|
Other versions
(a) If an eligible applicant meets the underwriting standards and other requirements and conditions of the association as set forth in the approved plan of operation and there is no unpaid, uncontested premium, charge or assessment due from the applicant for any prior insurance of the same kind, the association, upon receipt of the premium, charge or assessment or a portion thereof as prescribed by the plan of operation, shall cause to be issued a policy of medical professional liability insurance.
Terms Used In West Virginia Code 33-20E-12
- Association: means the joint underwriting association created by this article. See West Virginia Code 33-20E-4
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(b) The policy may not require as a condition precedent to settlement or compromise of any claim the consent or acquiescence of the policyholder.