SB 292
Insurance Commissioner rule relating to insurance adjusters
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
Senate Bill 292 authorizes the West Virginia Insurance Commissioner to create a legislative rule specifically addressing insurance adjusters. This rule will likely outline standards and procedures related to the work of these adjusters, ensuring they operate within established guidelines. The bill clarifies the Commissioner’s authority to develop and implement these regulations. It focuses on providing a framework for insurance adjusters’ activities within the state.
Key provisions
- Authorizes the Insurance Commissioner to promulgate a legislative rule.
- The rule will pertain to insurance adjusters.
- The rule is based on existing authority under West Virginia Code §33-12B-12.
- The rule is detailed in 114 CSR 25.
Who is affected
- Insurance adjusters
- The West Virginia Insurance Commissioner
- Insurance companies
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