2026 Regular Session
Link to Bill History on Legacy Website (Click Here)Summary: Relating to authorizing the Insurance Commission to promulgate a legislative rule relating to credit for reinsurance.
PDF: hb4247 intr.pdf
DOCX: HB4247 INTR.docx
West Virginia Legislature
2026 REGULAR SESSION
Introduced
House Bill 4247
BY Delegate D. Smith
[Introduced; referred
to the Committee on.]
A BILL to amend and reenact §64-7-1 of the Code of West Virginia, 1931, as amended, relating to authorizing the Insurance Commissioner to promulgate a legislative rule relating to credit for reinsurance.
Be it enacted by the Legislature of West Virginia:
ARTICLE 7. Authorization for Department of revenue to promulgate legislative rules.
§64-7-1. Insurance Commissioner.
The legislative rule filed in the State Register on April 16, 2025, authorized under the authority of §33-2-10 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 August 21, 2025, relating to the Insurance Commissioner (credit for reinsurance, 114 CSR 40), is authorized.
NOTE: The purpose of this bill is to authorize the Insurance Commissioner to promulgate a legislative rule relating to credit for reinsurance.
This section is new; therefore, strike-throughs and underscoring have been omitted.