SB 291
Insurance Commission rule relating to advertisement of accident and sickness insurance
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
Senate Bill 291 authorizes the West Virginia Insurance Commission to create rules regarding the advertising of accident and sickness insurance. This rule-making authority is intended to ensure that advertisements for these types of insurance are accurate and compliant with state regulations. The bill specifically references existing rule 114 CSR 10, which focuses on the advertisement of accident and sickness insurance. It expands the Insurance Commission’s power to regulate this area of advertising.
Key provisions
- Authorizes the Insurance Commission to create a legislative rule.
- The rule will pertain to the advertisement of accident and sickness insurance.
- The rule is based on existing rule 114 CSR 10.
- The bill references §33-2-10 of the Code of West Virginia.
Who is affected
- Insurance companies
- Advertisers of insurance
- Consumers of accident and sickness insurance
Notable changes
- Expands the authority of the Insurance Commission to regulate insurance advertising.
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