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WV HB4247

Bill

Official Source

Status

Introduced

1/14/2026

Primary Sponsor

Doug Smith

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Authorizes the West Virginia Insurance Commissioner to promulgate a legislative rule relating to credit for reinsurance (114 CSR 40)
  • Amends §64-7-1 of the West Virginia Code to grant this rulemaking authority
  • The rule was originally filed in the State Register on April 16, 2025, then modified to address Legislative Rule-Making Review Committee objections and refiled on August 21, 2025
  • Rulemaking authority derives from §33-2-10 of the West Virginia Code
  • Introduced by Delegate D. Smith during the 2026 Regular Session

Legislative Description

Relating to authorizing the Insurance Commission to promulgate a legislative rule relating to credit for reinsurance.

Legislature--Rule Making

Last Action

To House Finance

1/14/2026

Committee Referrals

Finance1/14/2026

Full Bill Text

No bill text available