114 CSR 11D
Senate Bill No. 409
(By Senators Minard, Snyder, Prezioso, Boley and K. Facemyer)
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[Introduced February 1, 2010; 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 variable life insurance.
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
seventeenth day of July, two thousand nine, 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 twenty-sixth day of January,
two thousand ten, relating to the Insurance Commissioner (variable
life insurance, 114 CSR 11D), is authorized.
NOTE: The purpose of this bill is to authorize the Insurance
Commissioner to promulgate a legislative rule relating to Variable
Life Insurance.
This section is new; therefore, strike-throughs and
underscoring have been omitted.