HB4487 H B&I AMT 2-19

Archibald 3192

    The Committee on Banking and Insurance moves to amend the title of the bill to read as follows:

    H. B. 4487 –- “A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §33-12-32b, relating to travel insurance limited lines producers; defining terms; authorizing the Commissioner of Insurance to issue a travel insurance entity producer license; establishing fees; requiring licensee to maintain a register of travel retailers offering insurance on its behalf and designate a responsible individual producer; authorizing a travel retailer to offer travel insurance and receive compensation under certain conditions; requiring training of travel retailer employees offering travel insurance; exempting travel insurance entity producers and travel retailers and employees from examination and continuing education requirements; requiring travel retailer employees offering travel insurance to provide certain information; and providing for enforcement.”