33-11A-1 Short title
33-11A-2 Purpose
33-11A-3 Definitions
33-11A-4 Authorization to implement regulations
33-11A-5 Licensure requirement for insurance sales
33-11A-6 Insurance sales separate from loan transaction
33-11A-7 Referrals by unlicensed persons allowed
33-11A-8 Tying of products prohibited
33-11A-9 Disclosures
33-11A-10 Timing of insurance solicitation
33-11A-11 Insurance in connection with a loan
33-11A-12 Prohibition of discrimination against agents or brokers
33-11A-13 Confidentiality of insurance information obtained by financial institutions
33-11A-14 Physical location of insurance sales
33-11A-15 Insurance records to be kept separate
33-11A-16 Severability

Terms Used In West Virginia Code > Chapter 33 > Article 11A - Insurance Sales Consumer Protection Act

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
  • Statute: A law passed by a legislature.