NABIP | West Virginia

West Virginia

Charge fee in addition to or in lieu of collecting commissions?	Specific Disclosures or written agreements required to charge fees to a client?	Admin fees for insurance placement?	Charges for services unrelated to the placement of insurance?	Additional licensing required?
Insurance agents may not charge fees for selling, soliciting or negotiating insurance. W. Va. Dep't of Ins., Informational Letter #6 (1971).	No	No		No

Damage Cap Amount	State Code
Non-economic: $250,000, adjusted for inflation annually with an absolute maximum of $375,000. In catastrophic cases, $500,000 adjusted annually up to a max of $750,000. No cap on economic damages.	West Virginia Code section 55-7B-8