# W. Va. Code § 33-27-6A: Supervisory colleges; power of commissioner; expenses; agreements > West Virginia · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S6A ## Section - **Citation:** W. Va. Code § 33-27-6A - **Heading:** Supervisory colleges; power of commissioner; expenses; agreements - **Jurisdiction:** West Virginia - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** WV Code / Chapter 33 / Article 27 / Section 6A ## Text (a) Power of commissioner. — With respect to any insurer registered under §33-27-4 of this code, and in accordance with subsection (c) of this section, the commissioner may participate in a supervisory college for any domestic insurer that is part of an insurance holding company system with international operations in order to determine compliance by the insurer with this chapter. The powers of the commissioner with respect to supervisory colleges include, but are not limited to, the following: (1) Initiating the establishment of a supervisory college; (2) Clarifying the membership and participation of other supervisors in the supervisory college; (3) Clarifying the functions of the supervisory college and the role of other regulators, including the establishment of a group-wide supervisor; (4) Coordinating the ongoing activities of the supervisory college, including planning meetings, supervisory activities, and processes for information sharing; and (5) Establishing a crisis management plan. (b) Expenses. — Each registered insurer subject to this section shall be liable for and shall pay the reasonable expenses of the commissioner’s participation in a supervisory college in accordance with subsection (c) of this section, including reasonable travel expenses. For purposes of this section, a supervisory college may be convened as either a temporary or permanent forum for communication and cooperation between the regulators charged with the supervision of the insurer or its affiliates, and the commissioner may establish a regular assessment to the insurer for the payment of such expenses. (c) Supervisory college. — In order to assess the business strategy, financial position, legal and regulatory position, risk exposure, risk management, and governance processes, and as part of the examination of individual insurers in accordance with §33-27-6 of this code, the commissioner may participate in a supervisory college with other regulators charged with supervision of the insurer or its affiliates, including other state, federal, and international regulatory agencies. The commissioner may enter into agreements in accordance with §33-27-7(c) of this code providing the basis for cooperation between the commissioner and the other regulatory agencies, and the activities of the supervisory college: Provided , That this section may not be construed as delegating to the supervisory college the authority of the commissioner to regulate or supervise the insurer or its affiliates within its jurisdiction. ## Nearby sections - [W. Va. Code § 33-27-1 §33-27-1. Short title.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S1.md) - [W. Va. Code § 33-27-2 §33-27-2. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S2.md) - [W. Va. Code § 33-27-2A §33-27-2a. Subsidiaries of insurers; authorization; investment authority; exemptions; qualifications; cessation of controls.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S2A.md) - [W. Va. Code § 33-27-3 §33-27-3. Acquisition of control of or merger with domestic insurer; filing requirements; statements; alternative filing material; approval by the commissioner; hearings; notice; mailings to shareholders; expenses; exemptions; violations and jurisdiction.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S3.md) - [W. Va. Code § 33-27-3A §33-27-3a. Acquisitions Involving Insurers Not Otherwise Covered; definitions; scope; pre-acquisition notification and waiting period; competitive standard; orders and penalties.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S3A.md) - [W. Va. Code § 33-27-4 §33-27-4. Registration of insurers; information and form required; summary of changes to registration statement; materiality; reporting of dividends to shareholders; information to insurers; termination of registration; consolidated filing; alternative registration; exemptions; disclaimer; enterprise risk filing; group capital calculation filing; liquidity stress test filing; violations.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S4.md) - [W. Va. Code § 33-27-5 §33-27-5. Standards; adequacy of surplus; dividends and other distributions; notice of amendments or modifications; management of domestic insurers subject to registration.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S5.md) - [W. Va. Code § 33-27-6 §33-27-6. Examination; power of commissioner; access to books and records; use of consultants; expenses; compelling production, contempt and payment of fees, mileage and actual expenses.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S6.md) - [W. Va. Code § 33-27-6A §33-27-6a. Supervisory colleges; power of commissioner; expenses; agreements.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S6A.md) - [W. Va. Code § 33-27-6B §33-27-6b. Group-wide supervision of internationally active insurance groups.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S6B.md) - [W. Va. Code § 33-27-7 §33-27-7. Confidential treatment.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S7.md) - [W. Va. Code § 33-27-8 §33-27-8. Injunctions; prohibitions against voting securities; sequestration of voting securities.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S8.md) - [W. Va. Code § 33-27-9 §33-27-9. Criminal proceedings; penalties; orders; fines; disapproval of dividends and distributions.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S9.md) - [W. Va. Code § 33-27-10 §33-27-10. Receivership.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S10.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A27_S6A. Check the current official text before relying on it. Not legal advice.