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§ 33-15e-5 — West Virginia Law | CourtGPT
  1. Home/
  2. Laws/
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  4. Chapter 33 - Insurance/
  5. Article 15e - Discount Medical Plan Organizations and Discount Prescription Drug Plan Organizations Act§33-15e-1. Short Title/
  6. § 33-15e-5
West Virginia Legal Code

§ 33-15e-5

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(a) Before the commissioner issues a license to any person required to obtain a license under section four of this article, the person seeking to operate a discount medical plan organization shall demonstrate that it has a positive net worth of at least $150,000.(b) Each discount medical plan organization shall at all times maintain a positive net worth of at least $150,000.