Bill Text: WV HB4297 | 2020 | Regular Session | Introduced
Bill Title: Insurance Commission, credit for reinsurance
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2020-01-22 - To House Judiciary [HB4297 Detail]
Download: West_Virginia-2020-HB4297-Introduced.html
WEST VIRGINIA LEGISLATURE
2020 REGULAR SESSION
Introduced
House Bill 4297
By Delegate Foster
[Introduced January 14, 2020; Referred
to the Committee on Banking and Insurance then the Judiciary]
A BILL to amend and reenact §64-7-1 of the Code of West Virginia, 1931, as amended, relating to authorizing the Insurance Commission to promulgate a legislative rule relating to credit for reinsurance.
Be it enacted by the Legislature of West Virginia:
ARTICLE 7. Authorization for Department of revenue to promulgate legislative rules.
§64-7-1. Insurance Commission.
The legislative rule filed in the State Register on March 26, 2019, authorized under the authority of §33-4-15a(e) of this code, modified by the Insurance Commission to meet the objections of the Legislative Rule-Making Review Committee and refiled in the State Register on October 29, 2019, relating to the Insurance Commission (credit for reinsurance, 114 CSR 40), is authorized.
NOTE: The purpose of this bill is to authorize the Insurance Commission to promulgate a legislative rule relating to credit for reinsurance.
This section is new; therefore, strike-throughs and underscoring have been omitted.