33-21-1 Scope of article
33-21-2 General laws applicable
33-21-3 Kinds of insurance
33-21-4 Name
33-21-5 Attorney
33-21-6 Application for license
33-21-7 Issuance of license; suspension, revocation or renewal
33-21-8 Power of attorney
33-21-9 Modification of subscribers’ agreement or power of attorney
33-21-10 Attorney’s bond
33-21-11 Annual report
33-21-12 Process and venue; annual fee
33-21-13 Fees and taxes
33-21-14 Who may be subscribers
33-21-15 Subscribers’ advisory committee
33-21-16 Subscribers’ liability — Generally
33-21-17 Same — On judgments
33-21-18 Assessments — Generally
33-21-19 Same — Time limit
33-21-20 Same — Maximum liability
33-21-21 Nonassessable policies
33-21-22 Distribution of unused premiums, savings or credits
33-21-23 Advancement and repayment of funds
33-21-24 Rules for determining financial condition of reciprocal insurer
33-21-25 Distribution of assets to subscribers upon liquidation
33-21-26 Merger or conversion

Terms Used In West Virginia Code > Chapter 33 > Article 21 - Reciprocal Insurers

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attorney: as used in this article , refers to the attorney- in-fact of a reciprocal insurer, and such attorney may be an individual, firm or corporation. See West Virginia Code 33-21-5
  • 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.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
  • Judgment: includes decrees and orders for the payment of money, or the conveyance or delivery of land or personal property, or some interest therein, or any undertaking, bond or recognizance which has the legal effect of a judgment. See West Virginia Code 2-2-10
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • 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.
  • Service of process: The service of writs or summonses to the appropriate party.
  • 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
  • Trustee: A person or institution holding and administering property in trust.