reglab/housing_qa huggingface dataset:
WV Code § 33-13-26 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-26. Contestability After Reinstatement

The reinstatement of any policy of life insurance or annuity contract hereafter delivered or issued for delivery in this state may be contested on account of fraud or misrepresentation of facts material to the reinstatement only for the same period following reinstatement and with the same conditions and exceptions as the policy provides with respect to contestability after original issuance.
WV Code § 33-13-27 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-27. Power of Insurer to Hold Proceeds of Policy Under Agreement

Any life insurer shall have the power to hold under agreement the proceeds of any policy issued by it, upon such terms and restrictions as to revocation by the policyholder and control by beneficiaries, and with such exemptions from the claims of creditors of beneficiaries other than the policyholder as set forth in the policy or as agreed to in writing by the insurer and the policyholder. Upon maturity of a policy, in the event the policyholder has made no such agreement, the insurer shall have the power to hold the proceeds of the policy under an agreement with the beneficiaries. The insurer shall not be required to segregate the funds so held but may hold them as part of its general assets.
WV Code § 33-13-28 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-28. Indebtedness Deducted From Proceeds

In determining the amount due under any life insurance policy heretofore or hereafter issued, deduction may be made of:(a) Any unpaid premiums or installments thereof for the current policy year due under the terms of the policy, and of(b) The amount of principal and accrued interest of any policy loan or other indebtedness against the policy then remaining unpaid.
WV Code § 33-13-29 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-29. Dual or Multiple Pay Policies Prohibited

No life insurance policy shall be delivered or issued for delivery in this state if it provides that on the death of anyone not insured thereunder, the owner or beneficiary of the policy shall receive the payment or granting of anything of value.
WV Code § 33-13-31 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-31. Industrial Life Insurance -- Required Provisions

No policy of industrial life insurance, which is that form of life insurance provided by an individual insurance contract under which premiums are payable monthly or oftener, and bearing the words "industrial policy" or "weekly premium policy" printed upon the policy as a part of the descriptive matter, shall be delivered or be issued for delivery in this state unless it complies with sections sixteen, twenty-five, twenty-six, twenty-nine, and thirty of this article, nor unless such policy contains in substance the applicable provisions set forth in sections thirty-two to forty- four, inclusive, of this article.
WV Code § 33-13-32 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-32. Same -- Grace Period

There shall be a provision in each industrial life insurance policy that the insured is entitled to a grace period of four weeks within which the payment of any premium after the first may be made, except that in policies the premiums for which are payable monthly, the period of grace shall be not less than thirty-one days, and that during the period of grace the policy shall continue in full force, but if during the grace period the policy becomes a claim, then any overdue and unpaid premiums may be deducted from any settlement under the policy.
WV Code § 33-13-33 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-33. Same -- Entire Contract; Statements in Application; Deemed Representations

There shall be a provision in each industrial life insurance policy that the policy shall constitute the entire contract between the parties, or, if a copy of the application is endorsed upon or attached to the policy when issued, a provision that the policy and the application therefor shall constitute the entire contract. If the application is so made a part of the contract, the policy shall also provide that all statements made by the applicant in such application shall, in the absence of fraud, be deemed to be representations and not warranties.
WV Code § 33-13-34 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-34. Same -- Incontestability

There shall be a provision in each industrial life insurance policy that the policy (exclusive of provisions relating to disability benefits or to additional benefits in the event of death by accident or accidental means) shall be incontestable, except for nonpayment of premiums, after it has been in force during the lifetime of the insured for a period of two years from its date of issue.
WV Code § 33-13-35 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-35. Same -- Misstatement of Age

There shall be a provision in each industrial life insurance policy that if it is found that the age of the individual insured, or the age of any other individual considered in determining the premium, has been misstated, any amount payable or benefit accruing under the policy shall be such as the premium would have purchased at the correct age or ages.
WV Code § 33-13-36 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-36. Same -- Dividends

If an industrial life insurance policy is a participating policy, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the policy, except that at the option of the insurer such participation may be deferred to the end of the fifth policy year. This provision shall not prohibit the payment of additional dividends on default of payment of premiums or termination of the policy.
WV Code § 33-13-37 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-37. Same -- Nonforfeiture Benefits; Cash Surrender Values

There shall be in each policy of industrial life insurance provisions for nonforfeiture benefits and cash surrender values as required by section thirty of this article.
WV Code § 33-13-38 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-38. Same -- Reinstatement

There shall be in each industrial life insurance policy a provision that unless the policy has been surrendered for its cash surrender value or unless the paid-up term insurance, if any, has expired, the policy will be reinstated at any time within two years from the date of premium default upon written application therefor, the production of evidence of insurability satisfactory to the insurer, the payment of all premiums in arrears, and the payment or reinstatement of any other indebtedness to the insurer upon the policy, all with interest at a rate not exceeding six percent per annum compounded annually.
WV Code § 33-13-39 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-39. Same -- Settlement

There shall be a provision in each industrial life insurance policy that when the policy becomes a claim by the death of the insured, settlement shall be made upon surrender of the policy and receipt of due proof of death.
WV Code § 33-13-40 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-40. Same -- Beneficiary and Facility of Payment Clause

(a) Each such industrial life insurance policy shall have a space on the front or back page of the policy for the name of the beneficiary designated with a reservation of the right to designate or change the beneficiary after the issuance of the policy.(b) The policy may also provide that no designation or change of beneficiary shall be binding on the insurer unless endorsed on the policy by the insurer, and that the insurer may refuse to endorse the name of any proposed beneficiary who does not appear to the insured to have an insurable interest in the life of the insured. Such a policy may also provide that if the beneficiary designated in the policy does not surrender the policy with due proof of death within the period stated in the policy, which shall be not less than thirty days after the death of the insured, or if the beneficiary is the estate of the insured or is a minor, or dies before the insured, or is not legally competent to give a valid release, then the insurer may make payment thereunder to the executor or administrator of the insured, or to any of the insured's relatives by blood or legal adoption or connection by marriage, or to any person appearing to the insurer to be equitably entitled thereto by reason of having been named beneficiary, or by reason of having incurred expense for the maintenance, medical attention or burial of the insured. Such policy may also include a similar provision applicable to any other payment due under the policy.
WV Code § 33-13-41 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-41. Same -- Direct Payment of Premiums

In the case of weekly premium industrial life insurance policies, there may be a provision that upon proper notice to the insurer, while premiums on the policy are not in default beyond the grace period, of the intention to pay future premiums directly to the insurer at its home office or any office designated by the insurer for the purpose, the insurer will, at the end of each period of a year from the due date of the first premium so paid, for which period such premiums are so paid continuously without default beyond the grace period, refund a stated percentage of the premiums in an amount which fairly represents the savings in collection expense.
WV Code § 33-13-42 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-42. Same -- Conversion of Weekly Policies

There shall be a provision in the case of weekly premium industrial life insurance policies granting to the insured, upon proper written request and upon presentation of evidence of insurability satisfactory to the insurer, the privilege of converting a weekly premium industrial insurance policy to any form of life insurance with less frequent premium payments regularly issued by the insurer, in accordance with terms and conditions agreed upon with the insurer. The privilege of making such conversion need be granted only if the insurer's weekly premium industrial policies on the life insured, in force as premium paying insurance and on which conversion is requested, grant benefits in event of death, exclusive of additional accidental death benefits and exclusive of any dividend additions, in an amount not less than the minimum amount of such insurance with less frequent premium payments issued by the insurer at the age of the insured on the plan of industrial or ordinary insurance desired.
WV Code § 33-13-43 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-43. Same -- Conversion of Monthly Policies

There shall be a provision, in the case of monthly premium industrial life insurance policies, granting, upon proper written request and upon presentation of evidence of insurability satisfactory to the insurer, the privilege of converting a monthly premium industrial life insurance policy to any form of ordinary life insurance regularly issued by the insurer, in accordance with terms and conditions agreed upon with the insurer. The privilege of making such conversion need be granted only if the insurer's monthly premium industrial policies on the life insured, in force as premium paying insurance and on which conversion is requested, grant benefits in event of death, exclusive of additional accidental death benefits and exclusive of any dividend additions, in an amount not less than the minimum amount of ordinary insurance issued by the insurer at the age of the insured on the plan of ordinary insurance desired.
WV Code § 33-13-44 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-44. Same -- Title on Policy

There shall be a title on the face of each industrial life insurance policy briefly describing its form.
WV Code § 33-13-45 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-45. Same -- Provisions Not Required in Single Premium, Term, etc., Policies

Any of the provisions required in industrial life insurance policies by sections thirty-two to forty-four, inclusive, of this article or any portion thereof which are not applicable to single premium or term policies or to policies issued or granted pursuant to nonforfeiture provisions shall to that extent not be incorporated therein.
WV Code § 33-13-46 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-46. Same -- Prohibited Provisions

No policy of industrial life insurance shall contain any of the following provisions:(a) A provision by which the insurer may deny liability under the policy for the reason that the insured has previously obtained other insurance from the same insurer.(b) A provision giving the insurer the right to declare the policy void because the insured has had any disease or ailment, whether specified or not, or because the insured has received institutional, hospital, medical or surgical treatment or attention, except a provision which gives the insurer the right to declare the policy void if the insured has, within two years prior to the issuance of the policy, received institutional, hospital, medical or surgical treatment or attention and if the insured or claimant under the policy fails to show that the condition occasioning such treatment or attention was not of a serious nature or was not material to the risk.(c) A provision giving the insurer the right to declare the policy void because the insured has been rejected for insurance, unless such right be conditioned upon a showing by the insurer that knowledge of such rejection would have led to a refusal by the insurer to make such contract.
WV Code § 33-13-47 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-47. Burial Insurance

(a) Burial insurance is that type of insurance whereby an insurer agrees to pay for any or all of the incidents of the burial of the body of a named or designated person, whether such insurance is evidenced or effected by any kind of agreement, policy, contract, bond, assurance, guarantee, bylaw, regulation, or otherwise. No provision of this article except this section shall apply to burial insurance, and no provision of article fourteen of this chapter shall apply to burial insurance.(b) Burial insurance shall be transacted only by insurers licensed in this state to transact life insurance.(c) All burial insurance benefits shall be paid in cash to the beneficiary. No insurer issuing burial insurance shall contract to pay or pay such benefits or any part thereof to any official undertaker, designated undertaker or undertaking concern, or to any particular tradesman or businessman.(d) This section shall not apply to fraternal benefit societies operating under article twenty-three of this chapter or to any organization of employees under a common employer.
WV Code § 33-13-48 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13. Life Insurance|§33-13-48. Replacement of Existing Rule With Model Rule

The Commissioner shall propose and file with the Secretary of State an emergency rule pursuant to the provisions of section fifteen, article three, chapter twenty-nine-a of this code that is based on the model regulation regarding the replacement of life insurance and annuities approved by the National Association of Insurance Commissioners in nineteen ninety-eight and amended in two thousand. This emergency rule will be effective upon approval by the Secretary of State and will replace the legislative rule previously filed by the Commissioner on May 16, nineteen ninety-seven as Title 114, Series 8 of the Code of State Rules: Provided, That the rule filed as an emergency rule pursuant to this section shall be refiled at the earliest opportunity as a legislative rule for review and promulgation in accordance with the provisions of article three, chapter twenty-nine-a of this code.
WV Code § 33-13A-2 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13A. Variable Contracts|§33-13A-2. Features and Benefits

Any contract providing benefits payable in variable amounts delivered or issued for delivery in this state shall contain a statement of the essential features of the procedures to be followed by the insurance company in determining the dollar amount of such variable benefits. Any such contract under which the benefits vary to reflect investment experience, including a group contract and any certificate in evidence of variable benefits issued thereunder, shall state that such dollar amount will so vary and shall contain on its first page a statement to the effect that the benefits thereunder are on a variable basis.
WV Code § 33-13A-3 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13A. Variable Contracts|§33-13A-3. Qualification of Companies, Subsidiaries and Affiliates

No company shall deliver or issue for delivery within this state variable contracts unless it is licensed or organized to do a life insurance or annuity business in this state, and the commissioner is satisfied that its condition or method of operation in connection with the issuance of such contracts will not render its operation hazardous to the public or its policyholders in this state. In this connection, the commissioner shall consider among other things:(a) The history and financial condition of the company;(b) The character, responsibility and fitness of the officers and directors of the company; and(c) The law and regulation under which the company is authorized in the state of domicile to issue variable contracts. The state of entry of an alien company shall be deemed its place of domicile for this purpose.If the company is a subsidiary of an admitted life insurance company, or affiliated with such company through common management or ownership, it may be deemed by the commissioner to have met the provisions of this section if either it or the parent or the affiliated company meets the requirements hereof.
WV Code § 33-13A-4 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13A. Variable Contracts|§33-13A-4. Supervisory Powers of Insurance Commissioner

Notwithstanding any other provision of law, the commissioner shall have sole authority to regulate the issuance and sale of variable contracts, and to issue such reasonable rules and regulations as may be appropriate to carry out the purposes and provisions of this article.
WV Code § 33-13A-5 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13A. Variable Contracts|§33-13A-5. Application of Other Insurance Laws, Valuation of Reserves

Except for sections eighteen, twenty-three, twenty-four and thirty-a, article thirteen of this chapter, and section twenty- three, article fourteen of this chapter in the case of a variable annuity contract, and sections three, eight to twelve, inclusive, and thirty, article thirteen of this chapter and section nine, article fourteen of this chapter in the case of a variable life insurance policy and except as otherwise provided in this article, all pertinent provisions of this chapter shall apply to separate accounts and contracts relating thereto. Any individual variable life insurance or annuity contract, delivered or issued for delivery in this state shall contain grace, reinstatement and nonforfeiture provisions appropriate to such a contract. Any individual variable annuity contract delivered or issued for delivery in this state shall contain grace and reinstatement provisions appropriate to such a contract. Any group variable life insurance or annuity contract, delivered or issued for delivery in this state shall contain a grace provision appropriate to such a contract.The reserve liability for variable contracts shall be established in accordance with actuarial procedures that recognize the variable nature of the benefits provided and any mortality guarantees.
WV Code § 33-13B-1 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13B. Charitable Gift Annuities|§33-13B-1. Definitions

(a) "Charitable gift annuity" means a transfer of cash or other property by a donor to a charitable organization in return for an annuity payable over one or two lives, under which the actuarial value of the annuity is less than the value of the cash or other property transferred and the difference in value constitutes a charitable deduction for federal tax purposes.(b) "Charitable organization" means an entity described by:(1) Section 501(c)(3), of the Internal Revenue Code of 1986 (26 U.S.C. 501(c) (3)); or(2) Section 170(c), of the Internal Revenue Code of 1986 (26 U.S.C. 170 (c)).(c) "Qualified charitable gift annuity" means a charitable gift annuity described by 501(m) (5), of the Internal Revenue Code of 1986 (26 U.S.C. 501(m) (5)), and 514(c) (5), of the Internal Revenue Code of 1986 (26 U.S.C. 514(c) (5)), that is issued by a charitable organization that on the date of the annuity agreement:(1) Has a minimum of $300,000 in unrestricted cash, cash equivalents, or publicly traded securities, exclusive of the assets funding the annuity agreement; and(2) Has been in continuous operation for at least three years or is a successor or affiliate of a charitable organization that has been in continuous operation for at least three years.
WV Code § 33-13B-2 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13B. Charitable Gift Annuities|§33-13B-2. Charitable Gift Annuity Is Not Insurance

Notwithstanding any other provision of this code to the contrary, the issuance of a qualified charitable gift annuity does not constitute engaging in the business of insurance in this state, and the issuance of any charitable gift annuity prior to July 1, 2006, does not constitute engaging in the business of insurance in this state.
WV Code § 33-13B-3 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13B. Charitable Gift Annuities|§33-13B-3. Notice to Donor

(a) When entering into an agreement for a qualified charitable gift annuity, the charitable organization shall disclose to the donor in writing in the annuity agreement that a qualified charitable gift annuity is not insurance under the laws of this state, is not subject to regulation by the commissioner and is not protected by the West Virginia Life and Health Insurance Guaranty Association established in article twenty-six-a of this chapter or by any other guaranty association established by this code. (b) The notice required by this section shall be in a separate paragraph in a print size no smaller than that employed in the annuity agreement generally.
WV Code § 33-13B-4 (2021)
2021 West Virginia Code|Chapter 33. Insurance|Article 13B. Charitable Gift Annuities|§33-13B-4. Notice to Insurance Commission

(a) A charitable organization that issues qualified charitable gift annuities shall notify the commissioner of such fact in writing by the later of September 30, 2006 or the date on which it enters into the organization's first qualified charitable gift annuity agreement.(b) The notice required by subsection (a) of this section shall identify the organization, be signed by an officer or director of the organization, and certify that the organization is a charitable organization and that the annuities issued by the organization are qualified charitable gift annuities.