Bill Text: WV HB2055 | 2013 | Regular Session | Introduced
Bill Title: Increasing the amount of mine subsidence insurance reinsured by the board of risk management
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2013-02-13 - To House Banking and Insurance [HB2055 Detail]
Download: West_Virginia-2013-HB2055-Introduced.html
(By Delegates Iaquinta and Caputo)
[Introduced February 13, 2013; referred to the
Committee on Banking and Insurance then Finance.]
A BILL to amend and reenact §33-30-6 of the Code of West Virginia, 1931, as amended, relating to mine subsidence insurance; increasing the maximum amount of the total insured value reinsured by the Board of Risk Management.
Be it enacted by the Legislature of West Virginia:
That §33-30-6 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:
ARTICLE 30. MINE SUBSIDENCE INSURANCE.
§33-30-6. Mine subsidence coverage; waivers.
Beginning October 1, 1982, every insurance policy issued or renewed insuring on a direct basis a structure located in this state shall include, at a separately stated premium, insurance for loss occurring on or after October 1,1982, caused by mine subsidence unless waived by the insured.
NOTE: The purpose of this bill is to increase the limit of mine subsidence insurance reinsured by the Board of Risk Management from $75,000 to $125,000.
Strike-throughs indicate language that would be stricken from the present law, and underscoring indicates new language that would be added.