ENGROSSED
Senate Bill No. 402
(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 §29-12-14 of the code of West Virginia,
1931, as amended, relating to the authority of the board of
risk and insurance management to promulgate legislative rules
setting minimum contract terms for entities participating in
insurance programs and mandatory waiting periods for reentry
into insurance programs for entities which have terminated
coverage through the board
.
Be it enacted by the Legislature of West Virginia:
That §29-12-14 of the code of West Virginia, 1931, as amended,
be amended and reenacted to read as follows:
ARTICLE 12. STATE INSURANCE.
§ 29-12-14. Promulgation of rules.
The board of risk and insurance management is authorized to propose rules for legislative approval, pursuant to the provisions
of article three, chapter twenty-nine-a of this code, that are
necessary to administer the powers and duties of the board
including, but not limited to, rules setting minimum contract terms
for entities participating in insurance programs and mandatory
waiting periods for reentry into insurance programs for entities
which have terminated coverage through the board.