summary
Introduced
02/11/2021
02/11/2021
In Committee
02/11/2021
02/11/2021
Crossed Over
Passed
Dead
04/10/2021
04/10/2021
Introduced Session
2021 Regular Session
Bill Summary
The purpose of this bill is to authorize the Insurance Commissioner to promulgate a legislative rule relating to credit for reinsurance.
AI Summary
This bill authorizes the Insurance Commissioner to promulgate a legislative rule relating to credit for reinsurance. Reinsurance is a financial arrangement where an insurance company transfers a portion of its risk to another insurance company, known as the reinsurer. The bill allows the Insurance Commissioner to establish rules governing the conditions under which an insurance company can receive credit for reinsurance, which can help manage their financial risk and solvency.
Committee Categories
Justice
Sponsors (1)
Last Action
Reported in Com. Sub. for S. B. 160 (on 02/25/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=165&year=2021&sessiontype=RS&btype=bill | 02/12/2021 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=SB165%20INTR.htm&yr=2021&sesstype=RS&i=165 | 02/12/2021 |
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