SB 290
Insurance Commission rule relating to mass marketing of property and liability insurance
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill authorizes the West Virginia Insurance Commission to create a rule addressing the practice of mass marketing for property and liability insurance. The rule aims to regulate how these types of insurance policies are promoted to consumers. Specifically, it builds upon existing authority granted to the Insurance Commission to develop regulations related to their operations. This legislation focuses on establishing guidelines for marketing practices within the insurance industry.
Key provisions
- Authorizes the Insurance Commission to develop a legislative rule.
- The rule will address mass marketing of property and liability insurance.
- The rule is based on existing authority granted to the Insurance Commission.
- The rule is intended to regulate insurance marketing practices.
Who is affected
- Insurance companies
- Consumers of property and liability insurance
- West Virginia Insurance Commission
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