114 CSR 80
Senate Bill No. 361
(By Senators Minard, Fanning, Prezioso,
Unger, Boley and K. Facemyer)
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[Introduced February 25, 2009; 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 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 viatical settlements.
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.
§64-7-1. Insurance Commissioner.
The legislative rule filed in the state register on the
fourteenth day of August, two thousand eight, 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 twentieth day of February, two
thousand nine, relating to the Insurance Commissioner (viatical
settlements, 114 CSR 80), is authorized.
NOTE: The purpose of this bill is to authorize the Insurance
Commissioner to promulgate a legislative rule relating to Viatical
Settlements.
This section is new; therefore, strike-throughs and
underscoring have been omitted.