Authorizes the Insurance Commissioner to create a rule on credit for reinsurance.
The bill amends Section 64-7-1 of the West Virginia Code to authorize the Insurance Commissioner to create a legislative rule concerning credit for reinsurance. This rule, initially filed on April 16, 2025, was modified to address objections from the Legislative Rule-Making Review Committee and refiled on August 21, 2025. The rule pertains to the Insurance Commissioner's authority over credit for reinsurance.
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