West Virginia SB196 modifies the minimum insurance coverage for county boards of education.
West Virginia SB196 amends the minimum insurance coverage requirements for county boards of education. It specifies that boards must maintain a minimum of $1 million for each occurrence and $5 million for excess coverage for each occurrence. The insurance must be obtained from a company licensed in West Virginia. The bill also allows the State Board of Risk and Insurance Management to provide insurance and enter into necessary contracts to fulfill these requirements.
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