H. B. 4560
(By Delegate McGeehan)
[Introduced
February 18, 2010
; referred to the
Committee on Banking and Insurance then Finance.]
A BILL to amend and reenact §33-2-1 of the Code of West Virginia,
1931, as amended, relating to eliminating the agency of
Insurance Commissioner.
Be it enacted by the Legislature of West Virginia:
That §33-2-1 of the Code of West Virginia, 1931, as amended,
be amended and reenacted to read as follows:
ARTICLE 2. INSURANCE COMMISSIONER.
§33-2-1. Office continued; appointment, qualifications and term.
There is hereby continued in effect The state agency
heretofore created and known as the "Insurance Commissioner of West
Virginia"
which agency shall consist of an Insurance Commissioner
and such employees as may be authorized by law. The term of the
present commissioner shall continue until July 1, 1959 shall
terminate July 1, 2010
. All appointments to said office made thereafter shall be for a period of six years, except that in case
of a vacancy the appointment shall be made to fill the unexpired
term. The commissioner shall be a citizen and resident of this
state and shall be appointed by the Governor, by and with the
advice and consent of the Senate. Before taking the oath of office
the commissioner shall sever all connections either direct or
indirect with any and all insurers subject to his or her
supervision and with any person representing any such insurer,
except as a policyholder or claimant.
The disposition of this agency's assets, equipment and records
shall be made according to the provisions of article ten, chapter
four of this code.
NOTE: The purpose of this bill is to abolish the Insurance
Commissioner agency effective July 1, 2010.
Strike-throughs indicate language that would be stricken from
the present law, and underscoring indicates new language that would
be added.
Email
Webmaster | © 2024 West Virginia Legislature **
