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WEST VIRGINIA

Offices of the Insurance Commissioner

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 01/08/2026)	Total
Accredited Reinsurer	32
Advisory Organization	4
Captive	0
Certified Reinsurer	3
Charitable Gift Annuity	283
Discount Medical Plan Organization	27
Discount Prescription Drug Plan Organization	7
Farmers Mutual Fire	11
Fraternal	29
HMDI	3
HMO	12
Joint Underwriter	3
Life	443
Managing General Agent	39
Pharmacy Auditing Entity	6
Pharmacy Benefits Manager	59
Property & Casualty	885
Purchasing Group	268
Rating Organization	18
Reciprocal	15
Reciprocal Jurisdiction Reinsurer	32
Reinsurance Intermediary	18
Reinsurer Life	1
Reinsurer Property & Casualty	8
Risk Pool	1
Risk Retention Group	101
Surplus Lines	244
Third Party Administrator (Home State)	50
Third Party Administrator (Non-Resident)	319
Third Party Administrator (Registered)	55
Title	25
Trusteed Reinsurer	14
Viatical Settlement Provider	6

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.