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Bill > HB2410
WV HB2410
WV HB2410Authorizing the Insurance Commissioner to promulgate a legislative rule relating to credit for reinsurance
summary
Introduced
02/13/2021
02/13/2021
In Committee
02/13/2021
02/13/2021
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 the practice of insurers obtaining coverage from other insurance companies to mitigate their risk. The bill specifically authorizes the Insurance Commissioner to promulgate a rule that was filed in the State Register in July 2020 and subsequently modified to address concerns of the Legislative Rule-Making Review Committee before being refiled in September 2020. This rule relates to the requirements and standards for insurers to receive credit for the reinsurance coverage they have obtained.
Committee Categories
Justice
Sponsors (1)
Last Action
To House Judiciary (on 02/13/2021)
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=2410&year=2021&sessiontype=RS&btype=bill | 02/14/2021 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=HB2410%20INTR.htm&yr=2021&sesstype=RS&i=2410 | 02/14/2021 |
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