114 CSR 69A
H. B. 4252
(By Delegates Brown, Miley, Burdiss, Talbott,
Overington and Sobonya)
[Introduced January 25, 2008; referred to the Committee on
Banking and Insurance then the Judiciary.]
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 recognition of preferred mortality tables for use
in determining minimum reserve liabilities.
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.
ยง64-7-1. Insurance Commissioner.
The legislative rule filed in the state register on the
twenty-seventh day of July, two thousand seven, authorized under
the authority of section ten, article two, chapter thirty-three, of
this code, modified by the Insurance Commissioner to meet the
objections of the legislative rule-making review committee and
refiled in the state register on the seventh day of December, two thousand seven, relating to the Insurance Commissioner (recognition
of preferred mortality tables for use in determining minimum
reserve liabilities, 114 CSR 69A), is authorized.
NOTE: The purpose of this bill is to authorize the Insurance
Commissioner to promulgate a legislative rule relating to
Recognition of Preferred Mortality Tables for Use in Determining
Minimum Reserve Liabilities.
This section is new; therefore, strike-throughs and
underscoring have been omitted.