West Virginia Legislature
2023 REGULAR SESSION
Introduced
House Bill 2677
BY Delegate Foster
[Introduced January 17, 2023; Referred to the Committee on Finance then the Judiciary]
A BILL to amend and reenact §64-7-1 of the Code of West Virginia, 1931, as amended, relating to authorizing the Insurance Commission to promulgate a legislative rule relating to suitability in annuity transactions.
Be it enacted by the Legislature of West Virginia:
The legislative rule filed in the State Register on July 19, 2022, authorized under the authority of §33-2-10 of this code, relating to the Insurance Commission (suitability in annuity transactions, 114 CSR 11B), is authorized.
NOTE: The purpose of this bill is to authorize the Insurance Commission to promulgate a legislative rule relating to suitability in annuity transactions.
This section is new; therefore, strike-throughs and underscoring have been omitted.