W. Va. Code R. § 114-14-1

Current through Register Vol. XLI, No. 45, November 8, 2024

Section 114-14-1 - General

1.1. Scope.

a. The purpose of this rule is to define certain practices in this state which constitute unfair methods of competition or unfair or deceptive acts or practices and to establish certain minimum standards and methods of settlements of both first-party and third-party claims.

b. This rule does not prohibit the use of additional methods above the minimum which are not in violation of this rule or any other West Virginia statute or rule.

c. This rule applies to all persons and to all insurance policies and insurance contracts except Workers' Compensation Insurance.

d. This rule is not exclusive, and other acts, not herein specified, may also constitute unfair claims settlement practices.

e. Nothing in this rule creates or recognizes, either explicitly or impliedly, any new or different cause of action not otherwise recognized by law.

1.2. Authority. -- W. Va. Code §§ 33-11-4a(h) and 33-2-10.

1.3. Filing Date. -- April 13, 2006.

1.4. Effective Date. -- April 24, 2006.

W. Va. Code R. § 114-14-1