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WV HB5462
Bill
Status
Enrolled
3/14/2026
Primary Sponsor
Walter Hall
Click for details
AI Summary
- Amends West Virginia Code §33-30-6 regarding mine subsidence insurance coverage and clarifies recovery limits for policyholders
- Requires insurance policies on structures in West Virginia to include mine subsidence coverage at a separate premium, unless waived by the insured
- Exempts 15 counties from mandatory coverage requirements (Berkeley, Cabell, Calhoun, Hampshire, Hardy, Jackson, Jefferson, Monroe, Morgan, Pendleton, Pleasants, Ritchie, Roane, Wirt, and Wood), where coverage is only provided upon request
- Sets deductible limits between $250 and $500, with maximum reinsured value capped at $200,000 and not exceeding the structure's fire insurance amount
- Adds new provision requiring recovery payments to be applied first to property damages, with the mine subsidence fund liable only for portions not covered by other payment sources
Legislative Description
Relating to Mine Subsidence
Insurance
Last Action
Completed legislative action
3/14/2026
Committee Referrals
Banking and Insurance3/5/2026
Finance2/24/2026
Banking & Insurance2/16/2026
Finance2/12/2026
Full Bill Text
No bill text available