Bill > HB4783

This bill amends West Virginia law to change how an additional one percent premium tax on fire and casualty insurance policies is distributed. Previously, these funds were allocated to municipal police and firemen's pension and relief funds, the Teachers Retirement System Reserve Fund, and volunteer fire companies. This bill removes the allocations to municipal pension funds and the Teachers Retirement System Reserve Fund, and it redirects all collected moneys to the Fire Protection Fund, which will then be distributed to all fire companies and departments equally, regardless of whether they are volunteer or paid. The bill also clarifies that casualty insurance does not include certain types of credit-related life or disability insurance.

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http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4783&year=2026&sessiontype=RS&btype=bill