H. B. 2187


(By Delegate Caputo)

[Introduced January 11, 2006 ; referred to the

Committee on Banking and Insurance then the Judiciary.]





A BILL to amend the code of West Virginia, 1931, as amended, by adding thereto a new section, designated §33-6-37, relating to requiring insurance companies that provide automobile insurance to accept policy premiums , at the option of the insured, either monthly, quarterly, semiannually or annually.

Be it enacted by the Legislature of West Virginia:

That the code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §33-6-37, to read as follows:

ARTICLE 6. THE INSURANCE POLICY.
§33-6-37. Automobile insurance policy premiums.

Every insurance company that issues an automobile insurance policy to an insured shall allow the insured the option to pay policy premiums either monthly, quarterly, semiannually or annually.




NOTE: The purpose of this bill is to require insurance companies that provide automobile insurance to accept policy premiums , at the option of the insured, either monthly, quarterly, semiannually or annually.

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