SENATE CONCURRENT RESOLUTION NO. 65
(By Senators Minard, Caldwell, Fanning, Hunter, Jenkins,
Oliverio, Ross, Rowe, Snyder, Deem, Harrison, McKenzie, Smith and
Weeks)
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[Originating in the Committee on the Judiciary;
reported February 27, 2004.]
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Requesting the Joint Committee on Government and Finance study the
availability and affordability of commercial property and
casualty insurance.
Whereas, The affordability and availability of commercial
property and casualty insurance is a concern for businesses and
citizens in West Virginia; and
Whereas, Access to affordable insurance is crucial to the
economic viability of West Virginia's economy; and
Whereas, Businesses in the state have been experiencing
difficulty in obtaining and maintaining insurance coverage; and
Whereas, If present trends continue in West Virginia, there
may be a commercial property and casualty insurance crisis; and
Whereas, A study of the impact of economic forces and
regulation upon these lines of insurance is important to maintain
a stable insurance market in West Virginia and ensure the continued
availability of these lines of coverage; therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby
requested to study the availability and affordability of commercial
property and casualty insurance; and, be it
Further Resolved, That the Joint Committee on Government and
Finance report to the regular session of the Legislature, 2005, 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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