H. B. 2593
(By Delegates Talbott, Linch and Nicol)
[Introduced March 15, 1993; referred to the
Committee on Finance.]
A BILL to amend article sixteen, chapter five of the code of West
Virginia, one thousand nine hundred thirty-one, as amended,
by adding thereto a new section, designated section five-b,
relating to premium increase requests of the PEIA.
Be it enacted by the Legislature of West Virginia:
That article sixteen, chapter five of the code of West
Virginia, one thousand nine hundred thirty-one, as amended, be
amended by adding thereto a new section, designated section five-
b, to read as follows:
ARTICLE 16. WEST VIRGINIA PUBLIC EMPLOYEES INSURANCE ACT.
§5-16-5b. Director and board to review all PEIA premium
increase requests.
The director and the board of the public employees insurance
agency shall, when a determination is made to increase premiums,
determine that all premium increases are fair and equitably
proportioned to all subscribers of the public employees insurance
agency system. Fairness and equitability shall be determined bythe benefits for all subscribers.
NOTE: The purpose of this bill is to require the director
and board to review all requests for premium increases by the
PEIA for a determination of fairness before approval.
This section is new; therefore, strike-throughs and
underscoring have been omitted.