Board of Risk and Insurance Management rule relating to mine subsidence insurance
Summary
SB 253 concerns a Board of Risk and Insurance Management rule relating to mine subsidence insurance. Based on the bill caption and available context, the measure appears to address administrative rules governing how mine subsidence insurance is provided, regulated, or administered in West Virginia. Mine subsidence insurance generally covers property damage caused by the collapse or shifting of land above underground mines, so the bill likely deals with the state framework for that specialized coverage.
Because the full bill text is not available in the provided record, the precise statutory changes cannot be identified from the text itself. However, the bill appears to be a rule-related measure affecting the Board of Risk and Insurance Management and, indirectly, property owners, insurers, and potentially residents in mining areas who rely on mine subsidence coverage.
Impact
The bill likely affects state administrative rules rather than creating a broad new insurance program. Its impact would be on the Board of Risk and Insurance Management’s authority or procedures concerning mine subsidence insurance, which may in turn affect how claims are handled, how coverage is offered, or how premiums and eligibility are administered. Any statutory impact would likely be limited to the provisions governing this specialized insurance area and the state agency responsible for it.
Sentiment
There is no committee transcript or recorded vote information in the provided materials, so the overall sentiment cannot be directly measured from debate or floor action. The fact that the bill was reported in committee suggests it advanced through the process without any visible opposition in the available record, but no stronger conclusion can be drawn about support or controversy.
Contention
No specific points of contention are documented in the provided context. In general, bills involving mine subsidence insurance can raise questions about cost, coverage scope, administrative burden, and the balance between consumer protection and insurer or state program obligations, but none of those issues are expressly identified here. Without the bill text or committee discussion, it is not possible to attribute any particular objection to a named stakeholder group.
Relating to liability or other insurance coverage provided by the Board of Risk and Insurance Management to any entity for which such coverage is permissive under state code