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 included in the bill is "115 CSR 01," which pertains to the mine subsidence insurance rule.

The primary purpose of this legislation is to ensure that the Board of Risk and Insurance Management has the authority to implement regulations that govern mine subsidence insurance, thereby providing a framework for managing risks associated with this issue. The bill reflects a commitment to updating and refining the state's insurance regulations to better serve the needs of its citizens.

Statutes affected:
Introduced Version: 64-2-1