News from the Surplus Lines Industry and InsCipher
Following further clarification with the West Virginia Offices of the Insurance Commissioner, we will be implementing a system enhancement to the portal. You will soon see a field to capture the Date Premium Paid (invoice date) to determine when the premium was either paid or refunded. This is similar logic to other states, like Pennsylvania and Georgia.
This update will determine the correct reporting period to be assigned to all transaction types. Please ensure any necessary adjustments are made moving forward to accommodate this change.