114 CSR 31
Senate Bill No. 417
(By Senators Minard, Fanning, Prezioso,
Unger, Boley and Facemyer)
[Introduced January 25, 2008; 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 guaranteed loss ratios as applied to individual
sickness and accident insurance policies.
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 seven, 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 seventh day of December, two
thousand seven, relating to the Insurance Commissioner (guaranteed
loss ratios as applied to individual sickness and accident
insurance policies, 114 CSR 31), is authorized.
NOTE: The purpose of this bill is to authorize the Insurance
Commissioner to promulgate a legislative rule relating to
Guaranteed Loss Ratios as Applied to Individual Sickness and
Accident Insurance Policies.
This section is new; therefore, strike-throughs and
underscoring have been omitted.