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Engrossed Version House Bill 4283 History

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Key: Green = existing Code. Red = new code to be enacted
ENGROSSED

H. B. 4283


(By Delegates Thompson, Beane,

L. White, Kominar and Johnson)

[Introduced February 5, 1998; referred to the

Committee on Banking and Insurance then Finance.]


A BILL to amend article seven, chapter thirty-three of the code of West Virginia, one thousand nine hundred thirty-one, as amended, by adding thereto a new section, designated section nine-a, relating to annuity valuation mortality tables; commissioner to propose rules adopting national association of insurance commissioners' model proposal.

Be it enacted by the Legislature of West Virginia:
That article seven, chapter thirty-three of the code of West Virginia, one thousand nine hundred thirty-one, as amended, be amended by adding thereto a new section, designated section nine-a, to read as follows:
ARTICLE 7. ASSETS AND LIABILITIES.

§33-7-9a. Annuity mortality tables.

The commissioner shall propose rules, on or before the first day of July, one thousand nine hundred ninety-eight, adopting the national association of insurance commissioners' model proposal "Recognizing Annuity Mortality Tables For Use In Determining Reserve Liabilities," which incorporates the "Annuity 2000 Mortality Table" and the "1994 Group Annuity Reserving Table."


This section is new; therefore strike-throughs and underscoring have been omitted.
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