# W. Va. Code § 33-7-2: Deductions from assets and liabilities

> West Virginia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S2

## Section

- **Citation:** W. Va. Code § 33-7-2
- **Heading:** Deductions from assets and liabilities
- **Jurisdiction:** West Virginia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** WV Code / Chapter 33 / Article 7 / Section 2

## Text

Assets may be allowed as deductions from corresponding liabilities, and liabilities may be charged as deductions from assets, and deductions from assets may be charged as liabilities, in accordance with the form of annual statement applicable to such insurer as prescribed by the commissioner, or otherwise in his discretion.

## Nearby sections

- [W. Va. Code § 33-7-1 §33-7-1. Assets defined.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S1.md)
- [W. Va. Code § 33-7-2 §33-7-2. Deductions from assets and liabilities.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S2.md)
- [W. Va. Code § 33-7-3 §33-7-3. Assets not allowed.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S3.md)
- [W. Va. Code § 33-7-4 §33-7-4. Reporting assets not allowed or of doubtful value.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S4.md)
- [W. Va. Code § 33-7-5 §33-7-5. Liabilities.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S5.md)
- [W. Va. Code § 33-7-6 §33-7-6. Unearned premium reserve.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S6.md)
- [W. Va. Code § 33-7-7 §33-7-7. Reserves for accident and sickness insurance.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S7.md)
- [W. Va. Code § 33-7-8 §33-7-8. Increased reserves.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S8.md)
- [W. Va. Code § 33-7-9 §33-7-9. Standard Valuation Law.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S9.md)
- [W. Va. Code § 33-7-9A §33-7-9a. Annuity mortality tables.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S9A.md)
- [W. Va. Code § 33-7-10 §33-7-10. Valuation of bonds.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S10.md)
- [W. Va. Code § 33-7-11 §33-7-11. Valuation of other securities.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S11.md)
- [W. Va. Code § 33-7-12 §33-7-12. Valuation of real property.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S12.md)
- [W. Va. Code § 33-7-13 §33-7-13. Valuation of mortgages or deeds of trust.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S13.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A7_S2. Check the current official text before relying on it. Not legal advice.