WEST VIRGINIA LEGISLATURE
2022 REGULAR SESSION
Introduced
Senate Bill 317
By Senator Sypolt
[Introduced January 17, 2022; referred
to the Committee on the Judiciary]
A BILL to amend and reenact §64-7-1 of the Code of West Virginia, 1931, as amended, relating to authorizing the Insurance Commissioner to promulgate a legislative rule relating to term and universal life insurance reserve financing.
Be it enacted by the Legislature of West Virginia:
ARTICLE 7. Authorization for Department of Revenue to promulgate legislative rules.
§64-7-1. Insurance Commission
The legislative rule filed in the State Register on July 8, 2021, authorized under the authority of §33-4-15a of this code, relating to the Insurance Commission (Term and Universal Life Insurance Reserve Financing, 114 CSR 102), is authorized.
NOTE: The purpose of this bill is to authorize the Insurance Commission to promulgate a legislative rule relating to Term and Universal Life Insurance Reserve Financing.
This section is new; therefore, strike-throughs and underscoring have been omitted.