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 certain entities for which such coverage is permissive under state code. This moratorium applies to entities such as political subdivisions, charitable organizations, and emergency medical services agencies, and it prohibits the board from offering new or additional insurance coverage to these entities. 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 required to have insurance coverage by the board. The language of the bill replaces the previous deadline for the moratorium, which was set to expire on July 1, 2025, with an indefinite duration, thereby allowing the moratorium to remain in effect until further legislative action is taken.

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