HB2624 H B&I AM 2-2

    The Committee on Banking and Insurance moves to amend the bill on page 2, section 1, line 2, after the word “authorized” by striking out the period and inserting the following:

“with the following amendments:

    On page ten, subsection 8.1., by striking out all of subsection 8.1. and inserting in lieu thereof the following subsection:

      ‘8.1. To the extent not inconsistent with this rule, each workers’ compensation pool is subject to the requirements of W.Va. Code §§33-2-21 & 33-2-22 and W. Va. Code chapter twenty-three and the rules promulgated thereunder, including but not limited to the payment of surcharges pursuant to W. Va. Code §§ 23-2C-3(f)(2) and 23-2C-3(f)(3)(B) and W. Va. Code St. R. §85-6-1 et seq., and the payment of assessments to the self-insured employer guaranty risk pool and the self-insured employer security risk pools pursuant to W. Va. Code §23-2-9(e) and W. Va. Code St. R. §85-19-1 et seq.; the record retention requirements of W. Va. Code St. R. §85-18-13; and the data requirements of W. Va. Code St. R. §85-1-2: Provided, That such a pool is subject to W. Va. Code St. R. §85-18-1 et seq., and §85-19-1 et seq. as if the pool were a single self-insured employer: Provided further, That no provision of chapter 23 of this code or any rule promulgated thereunder providing for industrial council approval or oversight shall apply.’”

Adopted

Rejected