H. B. 4257
(By Delegates
Douglas, Collins, Claypole,
Prunty, Stalnaker, Tucker and Capito
)
(Originating in the Committee
on Government Organization)
[Introduced February 3, 1998]
A BILL to amend and reenact section twelve, article twelve, chapter
twenty-nine of the code of West Virginia, one thousand nine hundred thirty-one, as amended, continuing the board of risk and insurance management.
Be it enacted by the Legislature of West Virginia:
That section twelve, article twelve, twenty-nine of the code
of West Virginia, one thousand nine hundred thirty-one, as amended,
be amended and reenacted to read as follows:
ARTICLE 12. STATE INSURANCE.
§29-12-12. Reestablishment of board as state board of risk and
insurance management.
After having conducted a performance and fiscal audit through
its joint committee on government operations, pursuant to section
nine, article ten, chapter four of this code, the Legislature
hereby finds and declares that the state board of insurance should
be continued and reestablished but shall be known and referred to as the state board of risk and insurance management. Accordingly,
notwithstanding the provisions of section four, article ten,
chapter four of this code, the state board of insurance shall
continue to exist until the first day of July, one thousand nine
hundred ninety-eight two thousand four, but shall be known and
referred to as the state board of risk and insurance management.
NOTE: The purpose of this bill is to continue the board of
risk and insurance management until July 1,2004, pursuant to the
provisions of the West Virginia Sunset Law.
Strike-throughs indicate language that would be stricken from
the present law, and underscoring indicates new language that would
be added.
This bill is recommended by the Joint Committee on Government
Operations for passage during the 1998 Regular Session of the
Legislature.