No risk retention group shall be allowed to do business in this state if an insurance company is directly or indirectly a member or owner of such risk retention group, other than in the case of a risk retention group all of whose members are insurance companies.
W. Va. Code § 33-32-11
Prohibition on ownership by an insurance company
Known as the Risk Retention Act
The act spans §§ 33-32-1 to 33-32-9 (24 sections).
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.