114 CSR 20
Senate Bill No. 287
(By Senator Minard)
[Introduced January 18, 2012; referred to the Committee on Banking and Insurance; and then to the Committee on 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 surplus lines 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 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 (surplus lines insurance, 114 CSR 20), is authorized.
NOTE: The purpose of this bill is to authorize the Insurance Commissioner to promulgate a legislative rule relating to Surplus Lines Insurance.
This section is new; therefore, strike-throughs and underscoring have been omitted.