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Introduced Version Senate Bill 360 History

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sb360 intr Insurance 114csr42

Senate Bill No. 360

(By Senators Minard, Fanning, Prezioso,

Unger, Boley and Minear)

__________

[Introduced February 28, 2005; referred to the

Committee on Banking and Insurance;

and then to the Committee on the Judiciary.]

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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 continuing education for individual insurance producers.

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 by adding thereto a new section, designated §1, 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-sixth day of August, two thousand four, under the authority of section ten, article two, chapter thirty-three, of this code, relating to the Insurance Commissioner (continuing education for individual insurance producers, 114 CSR 42), is authorized.

NOTE: The purpose of this bill is to authorize the Insurance Commissioner to promulgate a legislative rule relating to Continuing Education for Individual Insurance Producers.

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