SENATE CONCURRENT RESOLUTION NO. 66

(By Senators Minard, Caldwell, Fanning, Hunter, Jenkins, Oliverio, Ross, Rowe, Snyder, Deem, Harrison, McKenzie, Smith and Weeks)

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[Originating in the Committee on the Judiciary;

reported February 27, 2004.]

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Requesting the Joint Committee on Government and Finance study the availability and affordability of homeowners' insurance.

Whereas, The state's citizens need available and affordable homeowners' insurance; and
Whereas, In this state and across the nation, property and casualty insurance has become increasingly more expensive and difficult to obtain; and
Whereas, Insurers are increasing premiums, declining to write new policies and declining to renew existing policies; and
Whereas, The availability and affordability of homeowners' insurance are essential to the functioning of a healthy real estate market and the ability of the state's citizens to purchase and protect their homes and possessions; therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby requested to study the availability and affordability of homeowners' insurance; and, be it
Further Resolved, That the Joint Committee on Government and Finance report to the regular session of the Legislature, 2005, 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.