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Enrolled Version - Final Version Senate Bill 479 History

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ENROLLED

Senate Bill No. 479

(By Senators Minard and Kessler)

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[Passed March 8, 2002;

in effect ninety days from passage.]

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AN ACT to amend and reenact section thirty-four, article six, chapter thirty-three of the code of West Virginia, one thousand nine hundred thirty-one, as amended, relating generally to insurance policies; increasing the fees for form and rate filings; imposing a fee for rule filings; and specifying effective date.

Be it enacted by the Legislature of West Virginia:

That section thirty-four, article six, chapter thirty-three of the code of West Virginia, one thousand nine hundred thirty-one, as amended, be amended and reenacted to read as follows:
ARTICLE 6. THE INSURANCE POLICY.
§33-6-34. Fee for form, rate and rule filing.
(a) A fee of fifty dollars for every form filing and e seventy-five dollars for every rate or rule filing shall be submitted with each filing. If a form filing or rate or rule filing is made on behalf of more than one insurer, other than a filing made by a rating organization licensed by the commissioner pursuant to section six, article twenty of this chapter, the fee shall be submitted as if the filing were made by each individual insurer. Fees submitted pursuant to this section shall not be refunded if the form filing or rate or rule filing, for which the fee was submitted, is disapproved, in whole or in part, by the commissioner. The refiling of a form filing or rate or rule filing previously disapproved by the commissioner shall be considered a new filing for the purposes of the filing fee: Provided, That any request by the commissioner for additional information pertaining to a form filing shall not be considered a new filing for purposes of the filing fee. All fees collected pursuant to this section shall be used by the commissioner for the operation of the division of insurance.
(b) This section as amended in the year two thousand two applies to filings submitted after the thirtieth day of June, two thousand two. When there is a refiling after that date of a filing denied before the first day of July, two thousand two, the new filing fee structure applies and the fee shall be remitted when the form, rate or rule is refiled after the thirtieth day of June, two thousand two.
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