This bill amends the Code of West Virginia to authorize the Board of Risk and Insurance Management to promulgate a legislative rule concerning mine subsidence insurance. Specifically, it references the legislative rule filed in the State Register on July 18, 2025, which was modified to address the concerns of the Legislative Rule-Making Review Committee and subsequently refiled on August 14, 2025. The new legal language inserted into the current law includes the designation of the rule as 115 CSR 01. The primary purpose of this bill is to ensure that the Board of Risk and Insurance Management has the authority to implement regulations that govern mine subsidence insurance, thereby enhancing the framework for managing risks associated with subsidence in mining areas. This legislative action reflects the ongoing efforts to improve insurance coverage and risk management practices in West Virginia.

Statutes affected:
Introduced Version: 64-2-1