SENATE CONCURRENT RESOLUTION NO. 29


[Originating in the Committee on Finance;


reported March 1, 2000.]


Requesting the Joint Committee on Government and Finance to make a study of the Board of Risk and Insurance Management in and for the State of West Virginia

Whereas, The Legislature is ultimately responsible for the fiscal integrity of the state's property and liability insurance program; and
Whereas, The Legislature believes that a thorough examination of the state's property and liability insurance program would be prudent and advantageous in assisting the Legislature to make sound fiscal and policy decisions regarding the state's property and liability insurance program; therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby directed to review, examine and study the Board of Risk and Insurance Management. The study should include, but is not limited to, whether to eliminate the process of the Board of Risk and Insurance Management staff allocating general revenue appropriations to state agency insureds; exploring the use of a multi-year premium with modifiers for experience to improve accountability; evaluate the deductible levels for property insurance and whether self-insured retention should be established for liability policies; revisit the participation of the Senate Bill No. 3 entities and the possible effects of adverse selection; study the efficacy of issuing "claims made" policies versus "occurrence" policies; benchmark the Board of Risk and Insurance Management's operations against other insurance entities; and, be it
Further Resolved, That the Joint Committee on Government and Finance report to the regular session of the Legislature, 2001, on its findings, conclusions and recommendations, together with drafts of any 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.