The bill amends the Code of West Virginia, specifically section 29-12-15, to establish an indefinite moratorium on the Board of Risk and Insurance Management's authority to provide new or additional property or liability insurance coverage to entities for which such coverage is permissive under state code. This moratorium applies to various entities, including political subdivisions, charitable organizations, and emergency medical services agencies, and is effective as of the enactment date during the regular session of the Legislature in 2024. However, the bill clarifies that this moratorium does not affect existing contracts or agreements, nor does it prevent the board from extending current insurance coverage.

Additionally, the bill specifies that the moratorium does not apply to county boards of education, public charter schools, and other entities or individuals that are mandated to have insurance coverage by the board. The language of the bill replaces the previous temporary moratorium set to expire on July 1, 2025, with an indefinite one, ensuring that the board can non-renew insurance coverage for permissive entities while maintaining coverage for those required by law.

Statutes affected:
Introduced Version: 29-12-15
Committee Substitute: 29-12-15
Engrossed Committee Substitute: 29-12-15