HOUSE CONCURRENT RESOLUTION NO. 42
(By Delegates Adkins and Michael)

Requesting the Joint Committee on Government and Finance to make a study of the effect on West Virginia insurance consumers and insurance agents when an insurer withdraws from contractual relationships in any segment of the insurance market in this state.

Whereas, Many insurance consumers seek protection of their persons and property through insurance contracts executed on their behalf by duly licensed and appointed insurance agents; and
Whereas, The insurance commissioner has indicated that there is cause for concern for the rights of consumers and insurance agents in the event of insurance company withdrawals from any segment of the West Virginia insurance marker; and
Whereas, Insurance consumers and insurance agents are interested in defining their rights in the event of insurance company withdrawals from any segment of the West Virginia insurance market; therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby requested to review, examine and study this issue and make such recommendations to the Legislature as it determines to be in the best interests of West Virginia consumers and independentinsurance agents; and, be it
Further Resolved, That the Joint Committee on Government and Finance report to the regular session of the Legislature, 1997, on its findings, conclusions and recommendations, together with drafts of and legislation necessary to effectuate its recommendations; and, be it
Further Resolved, That the expenses necessary to conduct this study, to prepare a report and to draft necessary legislation be paid from legislative appropriations to the Joint Committee on Government and Finance.