114 CSR 2

H. B. 4164

(By Delegate(s) Brown, Poling, D., Fleischauer, Talbott and Overington)

[Introduced January 19, 2012; 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 the licensing and conduct of insurance producers and agencies.

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 twenty-eighth day of July, two thousand eleven, authorized under the authority of section ten, article two, chapter thirty-three, of this code, relating to the Insurance Commissioner (licensing and conduct of insurance producers and agencies, 114 CSR 2), is authorized.

    NOTE: The purpose of this bill is to authorize the Insurance Commissioner to promulgate a legislative rule relating to the Licensing and Conduct of Insurance Producers and Agencies.

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