SENATE CONCURRENT RESOLUTION NO. 5
(By Senators Minard, Unger and Foster)
Requesting the Joint Committee on Government and Finance study the
feasibility of requiring certain insurance carriers to provide
credit counseling and other services.
Whereas, Many West Virginia citizens suffer the consequences
of having received adverse credit scores; and
Whereas, Many West Virginia citizens have received these
adverse credit scores erroneously; and
Whereas, Some of the consequences suffered by West Virginia
citizens due to policy rerating based on adverse credit scores
include increased premiums for homeowners' insurance and motor
vehicle liability insurance; and
Whereas, Other consequences suffered by West Virginia citizens
due to adverse credit scores include denials of coverage for
homeowners' and motor vehicle insurance; therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby
requested to study the feasibility of requiring certain insurance
carriers to provide credit counseling and other services; and, be
it
Further Resolved, That the Joint Committee on Government and
Finance report to the regular session of the Legislature, 2006, on its findings, conclusions and recommendations, together with drafts
of any legislation necessary to effectuate its recommendations;
and, be it
Further Resolved, That the expenses necessary to conduct this
study, to prepare a report and to draft necessary legislation be
paid from legislative appropriations to the Joint Committee on
Government and Finance.
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