Senate Bill No. 194
(By Senators Ross, Anderson, Boley,
Buckalew, Grubb and Macnaughtan)
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[Introduced January 29, 1996; 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 section four, article seven,
chapter sixty-four of the code of West Virginia,
one thousand nine hundred thirty-one, as amended,
relating to authorizing the insurance commissioner
to promulgate legislative rules relating to
substandard risk motor vehicle insurance notice
requirements.
Be it enacted by the Legislature of West Virginia:
That section four, article seven, chapter sixty-four
of the code of West Virginia, one thousand nine hundred
thirty-one, as amended, be amended and reenacted, to read
as follows:
ARTICLE 7. AUTHORIZATION FOR DEPARTMENT OF TAX AND
REVENUE TO PROMULGATE LEGISLATIVE RULES.
§64-7-4. Insurance commissioner.
(a) The legislative rules filed in the state
register on the seventeenth day of August, one thousand
nine hundred ninety-three, authorized under the authority
of sections four and five, article twenty-eight, 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 seventeenth day of June, one thousand
nine hundred ninety-four, relating to the insurance
commissioner (individual accident and sickness insurance
minimum standards, 114 CSR 12), are authorized.
(b) The legislative rules filed in the state
register on the fifteenth day of August, one thousand
nine hundred ninety-four, 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 twenty-eighth day of November, one thousand nine hundred
ninety-four, relating to the insurance commissioner
(regulation of credit life insurance and credit accident
and sickness insurance, 114 CSR 6), are authorized.
(c) The legislative rules filed in the state
register on the twelfth day of August, one thousand nine
hundred ninety-four, 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
twenty-third day of November, one thousand nine hundred
ninety-four, relating to the insurance commissioner
(credit for reinsurance, 114 CSR 40), are authorized.
(d) The legislative rules filed in the state
register on the twenty-eighth day of July, one thousand
nine hundred ninety-five, authorized under the authority
of section thirty-one-c, article six, 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 twenty-seventh day of November, one
thousand nine hundred ninety-five, relating to the
insurance commissioner (substandard risk motor vehicle
insurance notice requirements, 114 CSR 37), are
authorized.
NOTE: The purpose of this bill is to authorize the
Insurance Commissioner to promulgate legislative rules
relating to substandard risk motor vehicle insurance
notice requirements.
Strike-throughs indicate language that would be
stricken from the present law, and underscoring indicates
new language that would be added.