What must an insurance company obtain to operate legally in West Virginia?

To operate legally in West Virginia, an insurance company is required to obtain a valid license from the West Virginia Division of Insurance. This licensing process ensures that the insurance company complies with state laws and regulations governing the insurance industry, including financial solvency, consumer protection, and ethical business practices. The West Virginia Division of Insurance serves to regulate insurers, thereby fostering a fair and competitive market while protecting the interests of policyholders.

The other options, such as approval from a federal body or requiring local government certification, do not reflect the specific legal requirements established by the state. Additionally, while certain financial instruments like bonds may be relevant in some contexts, they are not a prerequisite for legal operation in the insurance sector within West Virginia. Hence, the necessity of a valid license underscores the primary regulatory framework necessary for an insurance provider to function legitimately in the state.