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Introduced Version House Bill 2824 History

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Key: Green = existing Code. Red = new code to be enacted
114 CSR 80
H. B. 2824


(By Delegates Brown, D. Poling, Talbott, Miley, Overington and Sobonya)

[Introduced February 25, 2009; referred to the

Committee on Banking and Insurance then the Judiciary.]




A BILL to amend and reenact article 7, chapter 64 of the Code of West Virginia, 1931, as amended, relating to authorizing the Insurance Commissioner to promulgate a legislative rule relating to viatical settlements.

Be it enacted by the Legislature of West Virginia:
That article 7, chapter 64 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:
ARTICLE 7. AUTHORIZATION FOR DEPARTMENT OF TAX AND REVENUE TO PROMULGATE LEGISLATIVE RULES.

§64-7-1. Insurance Commissioner.
The legislative rule filed in the state register on the fourteenth day of August, two thousand eight, authorized under the authority of section ten, article two, chapter thirty-three, of this code, modified by the Insurance Commissioner to meet the objections of the legislative rule-making review committee and refiled in the state register on the twentieth day of February, two thousand nine, relating to the Insurance Commissioner (viatical settlements, 114 CSR 80), is authorized.

NOTE: The purpose of this bill is to authorize the Insurance Commissioner to promulgate a legislative rule relating to Viatical Settlements.

This section is new; therefore, strike-throughs and underscoring have been omitted.
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