Bill Text: WV SB146 | 2011 | Regular Session | Introduced
Bill Title: Authorizing Insurance Commissioner promulgate legislative rule relating to recognition of preferred mortality tables for use in determining minimum reserve liabilities
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: (Introduced - Dead) 2011-01-26 - To Judiciary [SB146 Detail]
Download: West_Virginia-2011-SB146-Introduced.html
114 CSR 69A
Senate Bill No. 146
(By Senators Minard, Snyder, Prezioso,
Unger, Boley and K. Facemyer)
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[Introduced January 18, 2011; referred to the
Committee on
Banking and Insurance;
and then to the Committee on the
Judiciary.]
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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:
§64-7-1. Insurance Commissioner.
The legislative rule filed in the state register on the
twenty-seventh day of July, two thousand ten, authorized under the
authority of section three, article two, chapter thirty-three, of this code, relating to the Insurance Commissioner (recognition of
preferred mortality tables for use in determining minimum reserve
liabilities, 114 CSR 69A), is authorized.
NOTE: The purpose of this bill is to authorize the Insurance
Commissioner to promulgate a legislative rule relating to the
Recognition of Preferred Mortality Tables for Use in Determining
Minimum Reserve Liabilities.
This section is new; therefore, strike-throughs and underscoring have been omitted.
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 the recognition of preferred mortality tables for use in determining minimum reserve liabilities.
ARTICLE 7. AUTHORIZATION FOR DEPARTMENT OF TAX AND REVENUE TO PROMULGATE LEGISLATIVE RULES.
This section is new; therefore, strike-throughs and underscoring have been omitted.