WEST VIRGINIA
Offices of the Insurance Commissioner
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Allan L. McVey
Insurance Commissioner
Contact Information

Telephone:
  (304) 558-2100 
Facsimile:
  (304) 558-1365 
E-Mail:
  OICFinancialConditions@wv.gov
Correspondence:
  WV Offices of the Insurance Commissioner
  ATTN: Financial Conditions Division 
  PO Box 50540
  Charleston, West Virginia 25305-0540
Physical Address:
  WV Offices of the Insurance Commissioner
  Financial Conditions Division 
  900 Pennsylvania Ave. 7th Floor
  Charleston, West Virginia 25302
Hours:
  8:30 am to 4:30 pm Monday thru Friday
  Parking available in front of the building

Company Type (as of 12/31/2022)Sorted By Company Type (as of 12/31/2022) In Ascending OrderTotal
Accredited Reinsurer27
Advisory Organization3
Captive1
Certified Reinsurer4
Charitable Gift Annuity263
Discount Medical Plan Organization24
Discount Prescription Drug Plan Organization9
Farmers Mutual Fire11
Fraternal29
HMDI3
HMO12
Joint Underwriter3
Life435
Managing General Agent31
Pharmacy Auditing Entity7
Pharmacy Benefits Manager36
Property & Casualty864
Purchasing Group265
Rating Organization16
Reciprocal15
Reciprocal Jurisdiction Reinsurer13
Reinsurance Intermediary16
Reinsurer Life1
Reinsurer Property & Casualty7
Risk Pool2
Risk Retention Group90
Surplus Lines215
Third Party Administrator (Home State)49
Third Party Administrator (Non-Resident)311
Third Party Administrator (Registered)54
Title23
Trusteed Reinsurer16
Viatical Settlement Provider5
Financial Conditions

Financial Conditions is responsible for the licensing, the financial monitoring, and the financial examination of the insurance companies admitted to do business in West Virginia so that policyholders are secure in purchasing insurance products from financially solvent and compliant insurance companies.

Primary Functions 
 
Licensing/Registration of Insurance Risk-Bearing Entities 
Financial Analysis/Surveillance of Admitted Insurance Companies 
Financial Examinations of Domestic Insurance Companies 

Electronic Payments Now being Accepted for Filing Fees

Effective immediately, the Insurance Commissioner can begin accepting payments for certain filing fees via credit card or ACH.  A sample of fees accepted include, but not limited to:  Application Fee, Renewal Fee, Certificate of Compliance, Certificate of Deposit, Filing of Amended Articles of Incorporation, Filing of Amended Bylaws. 

Online Payment Portal

Quarterly Lists of Licensed/Registered Companies
Overview Of Insurance In West Virginia

  Quick Facts

About 2,700 insurance related entities are licensed, registered, or eligible to do business in West Virginia. The West Virginia Insurance Commissioner is charged by state law with the duty of regulating these entities in order to protect the insurance-buying public. The Financial Conditions Division issues new and renewal licenses to insurance companies, and then regularly examines the domestic companies to monitor financial soundness, investigate the integrity of their marketplace practices, and compliance with West Virginia insurance laws.
 

  Primary Duties and Responsibilities of the Financial Conditions Division Include:

  • Issuing licenses to insurance companies seeking to be admitted to transact the business of insurance in West Virginia.
  • Monitoring the financial solvency of licensed insurance companies to ensure that consumers have the insurance coverage that they expect when they need it.
  • Conducting financial examinations of domestic and foreign insurers to ensure compliance with West Virginia laws and financial solvency requirements.
  • Providing technical assistance on legislation and the promulgation of administrative regulations interpreting insurance laws.
  • Overseeing the operations of the West Virginia Insurance Guaranty Association and West Virginia Life and Health Insurance Guaranty Association.
  • Preparing the West Virginia Insurance Commissioner’s Annual Report.

As of December 31, 2020, more than 2,745 insurance related entities are licensed, registered, or eligible to do business in West Virginia.