Senate Bill No. 361
(By Senator Kessler (Acting President), Unger, Stollings, Plymale
and Klempa)
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[Introduced January 31, 2011; referred to the Committee on
Banking and Insurance; and then to the Committee on Government
Organization.]
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A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §33-17-13,
relating
to requiring insurance companies to indicate on fire insurance
customer bills the amount of increased cost that would exist
if not for the existence of a local fire department.
Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §33-17-13, to read as
follows:
ARTICLE 17. FIRE AND MARINE INSURANCE.
§33-17-13. Requirement that billing statement reflect increased
cost that would exist but for existence of local
fire department.
In any billing statement submitted to an insured for payment
of any premium due under a policy of fire insurance, covering
property located in West Virginia, the insurer shall indicate the
increased cost that fire insurance would cost, except for the
existence of the local fire department, whether the department is
voluntary or professional.
NOTE: The purpose of this bill is to require insurance
companies to reflect on billing statements the increased cost of
fire insurance in the event no local fire department existed.
This section is new; therefore, strike-throughs and
underscoring have been omitted.