H. B. 2469
(By Delegates Preece, Kominar, Whitman and Dempsey)
[Introduced February 13, 1995; referred to the
Committee on Banking and Insurance then the Judiciary.]
A BILL to amend and reenact section ten, article two, chapter
thirty-three of the code of West Virginia, one thousand nine
hundred thirty-one, as amended, relating to removing
territorial rating of premiums by rule promulgation by the
commissioner.
Be it enacted by the Legislature of West Virginia:
That section ten, article two, chapter thirty-three of the
code of West Virginia, one thousand nine hundred thirty-one, as
amended, be amended and reenacted to read as follows:
ARTICLE 2. INSURANCE COMMISSIONER.
§33-2-10. Rules and regulations.
The commissioner is authorized to promulgate and adopt such
rules and regulations relating to insurance as are necessary to
discharge his or her duties and exercise his or her powers and to
effectuate the provisions of this chapter and to protect and safeguard the interests of policyholders and the public of this
state. Notwithstanding any other code provision to the contrary,
the commissioner is directed to cause such rules to be
promulgated that insure that West Virginia is regarded as one
single territory for all premium rating purposes.
Note: The purpose of this bill is to establish West Virginia
to be regarded as one territory for premium rating.
Strike-throughs indicate language that would be stricken
from the present law, and underscoring indicates new language
that would be added.