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WEST VIRGINIA STATUTES AND CODES
§33-15E-5 Minimum capital requirements.
§33-15E-5. Minimum capital requirements.
(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 one hundred fifty thousand dollars.
(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 one hundred fifty thousand dollars.
(b) Each discount medical plan organization shall at all times maintain a positive net worth of at least one hundred fifty thousand dollars.
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