HB3163 H B&I AMT 2-23

    The Committee on Banking and Insurance moves to amend the bill on page 1, line 10, by striking the title of the bill and inserting in lieu thereof the following:

“H.B. 3163--A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §33-2-21a, relating to establishing a program to provide workers’ compensation coverage of state government entities and their employees; defining participants and exceptions thereto; designating the insurance commissioner to manage workers’ compensation risks of state entities; creating a purchasing exemption for the program; authorizing commissioner to assess fees, surcharges and premiums; creating fund in state treasury; authorizing investment of funds; permitting the insurance commissioner to borrow funds from the insurance commissioner fund for the initial operation of the program; authorizing insurance commissioner to propose legislative rules and to adopt emergency rules; requiring reports to the Joint Committee on Government and Finance on the status of the program; and requiring consultation by the insurance commissioner with the State Board of Risk and Insurance Management.