Senate Bill No. 374

(By Senators Ross, Minard,

Snyder, Unger, Boley and Minear)

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[Introduced January 30, 2004; 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 article 7, chapter 64 of the code of West Virginia, 1931, as amended, relating to authorizing the insurance commissioner to promulgate a legislative rule relating to self-insurance pools for political subdivisions.

Be it enacted by the Legislature of West Virginia:

That article 7, chapter 64 of the code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:

ARTICLE 7. AUTHORIZATION FOR DEPARTMENT OF TAX AND REVENUE TO PROMULGATE LEGISLATIVE RULES.

§64-7-1. Insurance commissioner.
The legislative rule filed in the state register on the twenty-ninth day of July, two thousand three, authorized under the authority of section sixteen, article twelve-a, chapter twenty- nine, of this code, relating to the insurance commissioner (self- insurance pools for political subdivisions, 114 CSR 65), is authorized.
NOTE: The purpose of this bill is to authorize the Insurance Commissioner to promulgate a legislative rule relating to Self- insurance Pools for Political Subdivisions.

This section is new; therefore, strike-throughs and underscoring have been omitted.