HB4262 H B&I AMT 2-1

    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:

“A BILL to amend and reenact §33-12-7 and §33-12-8 of the Code of

West Virginia, 1931, as amended, all relating to education for insurance producers; renaming the board of insurance agent education; revising certain membership requirements of the board of insurance producer education; providing for payment of certain expenses of board members; revising role of the board; continuing education; exempting certain insurance producers from continuing education requirements; reducing period in which a producer whose license has been suspended for noncompliance with continuing education requirements may demonstrate compliance; and permitting the Insurance Commissioner to propose a rule to change certain fees.