§33-9-3. Assets eligible for deposit.
(a) All deposits required for a license to transact insurance
in West Virginia shall consist of cash or any combination of the
government obligations described in paragraph (A) or (B),
subdivision (1), subsection (a), section eleven, article eight of
this chapter or paragraph (A), (B) or (C), subdivision (3) of said
(b) All deposits required pursuant to the laws of another
state, province or country, or pursuant to the retaliatory
provision, section sixteen, article three of this chapter, shall
consist of those assets that are required or permitted by the laws,
or as required pursuant to the retaliatory provision.