This bill amends the Code of West Virginia to authorize the Insurance Commission to create a legislative rule concerning premium financing for life insurance specifically aimed at college students. The rule, which was filed in the State Register on July 22, 2025, is established under the authority of existing law, specifically 33-2-10 of the code.

The primary purpose of this legislation is to facilitate access to life insurance for college students by allowing for premium financing options. This initiative aims to support students in obtaining necessary insurance coverage while managing their financial responsibilities. The bill does not include any deletions or existing legal language changes, as it introduces a new section to the law.

Statutes affected:
Introduced Version: 64-7-1