114 CSR 68
Senate Bill No. 145
(By Senators Minard, Snyder, Prezioso,
Unger, Boley and K. Facemyer)
[Introduced January 18, 2011; referred to the Committee on Banking and Insurance; and then to the Committee on 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 the valuation of life insurance companies.
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 twenty-seventh day of July, two thousand ten, authorized under the authority of section three, article two, chapter thirty-three, of this code, relating to the Insurance Commissioner (valuation of life insurance companies, 114 CSR 68), is authorized.
NOTE: The purpose of this bill is to authorize the Insurance Commissioner to promulgate a legislative rule relating to the Valuation of Life Insurance Companies.
This section is new; therefore, strike-throughs and underscoring have been omitted.