This bill amends the Code of West Virginia to authorize the Insurance Commission to promulgate 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 provide a framework for premium financing options for life insurance that can benefit college students, thereby enhancing their access to necessary financial products. The bill does not include any deletions from current law, as the section being introduced is entirely new.

Statutes affected:
Introduced Version: 64-7-1