HB 4202
Relating to authorizing the Board of Risk and Insurance Management to promulgate a legislative rule relating to mine subsidence insurance.
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill authorizes the Board of Risk and Insurance Management in West Virginia to create a specific rule (115 CSR 01) regarding mine subsidence insurance. The rule was initially authorized under a previous law and subsequently modified by the Board to meet the requirements of the Legislative Rule-Making Review Committee. This legislation ensures the Board has the authority to develop and implement regulations for this type of insurance.
Key provisions
- Authorizes the Board of Risk and Insurance Management to create a legislative rule.
- The rule addresses mine subsidence insurance.
- The rule was previously authorized and modified.
- The modification was done to comply with the Legislative Rule-Making Review Committee's requirements.
Who is affected
- Insurance companies
- Businesses operating in areas with mine subsidence
- The Board of Risk and Insurance Management
Notable changes
- Formalizes the Board’s authority to regulate mine subsidence insurance.
- Requires the rule to align with the Legislative Rule-Making Review Committee’s standards.
Sponsors
Official sponsors from legislative records.
Primary sponsor
D. Smith
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