Senate Bill No. 370
(By Senators Ross, Minard,
Snyder, Unger, Boley and Minear)
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[Introduced January 30, 2004; referred to the
Committee on
Banking and Insurance; then to the Committee on Finance; 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-ninth day of July, two thousand three, authorized under the
authority of section ten, article two, chapter thirty-three, of
this code, modified by the insurance commissioner to meet the
objections of the legislative rule-making review committee and
refiled in the state register on the fourth day of December, two thousand three, 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.