SENATE CONCURRENT RESOLUTION NO. 49

(By Senators Minard, Fanning, Jenkins, Facemyer, Minear and Prezioso)

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[Originating in the Committee on Banking and Insurance; reported February 28, 2003.]


Requesting the Joint Committee on Government and Finance study the feasibility of requiring certain insurance carriers to provide credit counseling and other services.

Whereas, Many West Virginia citizens suffer the consequences of having received adverse credit scores; and
Whereas, Many West Virginia citizens have received these adverse credit scores erroneously; and
Whereas, Some of the consequences suffered by West Virginia citizens due to policy rerating based on adverse credit scores include increased premiums for homeowners insurance and motor vehicle liability insurance; and
Whereas, Other consequences suffered by West Virginia citizens due to adverse credit scores include denials of coverage for homeowners and motor vehicle insurance; therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby requested to study the feasibility of requiring certain insurance carriers to provide credit counseling and other services; and, be it
Further Resolved, That the Joint Committee on Government and Finance report to the regular session of the Legislature, 2004, on its findings, conclusions and recommendations, together with any drafts of 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.