ENGROSSED
Senate Bill No. 471
(By Senators Bowman, Bailey, Jenkins, Kessler, McCabe, Minard,
Rowe, Snyder, White, Boley and Minear)
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[Originating in the Committee on Government Organization;
reported February 5, 2004.]
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A BILL to amend and reenact
§29-12-12
of the code of West Virginia,
1931, as amended, relating to continuation of
the state board
of risk and insurance management
.
Be it enacted by the Legislature of West Virginia:
That section
§29-12-12
of West Virginia, 1931, as amended, be
amended and reenacted to read as follows:
ARTICLE 12. STATE INSURANCE.
§29-12-12.
Continuation of 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, two thousand four,
but shall be known and referred to as the state board of risk and
insurance management.
The state board of risk and insurance management shall
continue to exist until the first day of July, two thousand five,
unless sooner terminated, continued or reestablished pursuant to
the provisions of article ten, chapter four of this code
.