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 law. 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 coverage while allowing existing contracts and agreements to remain unaffected.

Additionally, the bill clarifies that the moratorium does not apply to county boards of education, public charter schools, and other entities for which insurance coverage is mandatory. 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, ensuring that the restrictions on new coverage remain in place until further legislative action is taken.

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