SB509 H B&I AMT 4-5
Delegate Hartman moves to amend the title of the bill
to read
as follows:
"A BILL to amend and reenact §33-22-2 of the Code of West Virginia,
1931, as amended, and to amend and reenact §38-10E-1 of said
code, all relating to farmers' mutual fire insurance
companies; providing for verification of debris removal prior
to the payment of insurance policy proceeds; imposing a
statutory lien on no more than ten percent of proceeds of an
insurance policy issued by a farmers' mutual fire insurance
company in the event of a total loss to real property;
requiring farmers' mutual fire insurance companies to notify
insured and municipality or county after determining that a
claim involves a total loss to real property; requiring a
municipality or county to perfect the lien within thirty days
of notice of a total-loss determination; providing for release
of the lien upon satisfaction of certain conditions; and
clarifying obligations and liability.
"