Introduced Version
Senate Bill 358 History
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Insurance 114csr20
Senate Bill No. 358
(By Senators Minard, Fanning, Prezioso,
Unger, Boley and Minear)
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[Introduced February 28, 2005; referred to the
Committee on Banking and Insurance;
and then to the Committee on the Judiciary.]
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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-sixth day of August, two thousand four, 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.]