COMMITTEE SUBSTITUTE
FOR
Senate Bill No. 559
(By Senators Hunter and Minard)
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[Originating in the Committee on Banking and Insurance;
reported February 27, 2007.]
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A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §33-4-21, relating to
predatory insurance sales practices; and authorizing the
Insurance Commissioner to promulgate emergency rules to
protect military personnel.
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 §33-4-21, to read as
follows:
ARTICLE 4. GENERAL PROVISIONS.
§33-4-21. Deceptive sales on military bases prohibited; rules.
No person in the business of insurance may engage in dishonest
or predatory insurance sales practices on federal land or
facilities in this state. The commissioner may promulgate emergency rules pursuant to the provisions of section fifteen,
article three, chapter twenty-nine-a of this code to identify
certain false, misleading, deceptive and unfair insurance sales
practices as dishonest or predatory and to protect service members
of the United States armed forces from these practices. To the
extent permitted by federal law, the commissioner may enforce this
chapter and the rules promulgated pursuant to this chapter on
federal land and facilities in this state.
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(NOTE: The purpose of this bill is to direct the Insurance
Commissioner to promulgate rules to protect military personnel from
deceptive insurance sales practice.
§33-4-21 is new; therefore, underscoring and strike-throughs
have been omitted.)
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