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§ 33-31a-9 — West Virginia Law | CourtGPT
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  5. Article 31a - Sponsored Captive Insurance Company Formation§33-31a-1. Applicability of Article/
  6. § 33-31a-9
West Virginia Legal Code

§ 33-31a-9

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In the case of a delinquency of a sponsored captive insurance company, the provisions of section seventeen, article thirty-one of this chapter shall apply, provided:(1) The assets of a protected cell may not be used to pay any expenses or claims other than those attributable to such protected cell; and(2) Its capital and surplus shall at all times be available to pay any expenses of or claims against the sponsored captive insurance company.