HB4786 S B&I AMT #1 2-26

Casey  7988

The Committee on Banking and Insurance moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. Com. Sub. for House Bill 4786—A Bill to amend the Code of West Virginia 1931, as amended, by adding thereto a new article, designated §33-63-1, §33-63-2, §33-63-3, §33-63-4, §33-63-5, and §33-63-6, all relating to creating the Delivery Network Company Insurance Act; providing a short title; defining terms; defining interaction with other laws; providing insurance and disclosure requirements relating to delivery network companies and delivery network drivers; specifying minimum insurance coverage amounts required of delivery network companies and delivery network drivers; setting forth when delivery network companies must assume primary liability; authorizing exclusions in motor vehicle liability insurance policies and retaining other rights of insurers; and creating an effective date.

Adopted

Rejected