WEST virginia legislature
2017 regular session
Introduced
Senate Bill 127
By Senator Maynard
[Introduced February 8, 2017;
referred to the Committee on 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 Commissioner to promulgate a legislative rule relating to adoption of a valuation manual.
Be it enacted by the Legislature of West Virginia:
That §64-7-1 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:
ARTICLE 7. Authorization for Department of Revenue to promulgate legislative rules.
§64-7-1. Insurance Commissioner.
The legislative rule filed in the State Register on August 22, 2016, authorized under the authority of section ten, article two, chapter thirty-three of this code, relating to the Insurance Commissioner (Adoption of Valuation Manual, 114 CSR 98), is authorized.
NOTE: The purpose of this bill is to authorize the Insurance Commissioner to promulgate a legislative rule relating to Adoption of a Valuation Manual.
This section is new; therefore, strike-throughs and underscoring have been omitted.