Bill Text: WV SB288 | 2012 | Regular Session | Introduced
Bill Title: Authorizing Insurance Commissioner promulgate legislative rule relating to insurance holding company systems
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-01-27 - To Judiciary [SB288 Detail]
Download: West_Virginia-2012-SB288-Introduced.html
114 CSR 35
Senate Bill No. 288
(By Senator Minard)
__________
[Introduced January 18, 2012; referred to the Committee on Banking and Insurance; and then to the Committee on the Judiciary.]
__________
A BILL to amend and reenact article 7, chapter 64 of the Code of West Virginia, 1931, as amended, relating to authorizing the Insurance Commissioner to promulgate a legislative rule relating to insurance holding company systems.
Be it enacted by the Legislature of West Virginia:
That article 7, chapter 64 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:
ARTICLE 7. AUTHORIZATION FOR DEPARTMENT OF TAX AND REVENUE TO PROMULGATE LEGISLATIVE RULES.
§64-7-1. Insurance Commissioner.
The legislative rule filed in the State Register on the twenty-eighth day of July, two thousand eleven, authorized under the authority of section ten, article two, chapter thirty-three, of this code, modified by the Insurance Commissioner to meet the objections of the Legislative Rule-Making Review Committee and refiled in the State Register on the twenty-first day of October, two thousand eleven, relating to the Insurance Commissioner (insurance holding company systems, 114 CSR 35), is authorized.
NOTE: The purpose of this bill is to authorize the Insurance Commissioner to promulgate a legislative rule relating to Insurance Holding Company Systems.
This section is new; therefore, strike-throughs and underscoring have been omitted.
