A change in terminology may have helped win an endorsement for draft legislation addressing West Virginia’s ongoing efforts to privatize its workers’ compensation system.
The bill calls on the state insurance commissioner to inform lawmakers of proposed rule, policy and guideline changes to workers’ compensation.
This kind of insurance covers workplace injuries and illnesses.
The joint Judiciary Committee approved the bill after replacing references to “oversight” with “reporting requirements.”
Tuesday’s vote was not unanimous. Critics argue it may scare private insurers who can start competing for these policies on July 1.
Bill supporters say they have no plan to derail privatization.
The regular legislative session began Wednesday.
Was this article valuable?
Here are more articles you may enjoy.
Insurance IPOs Hit 20-Year High on Wall Street
Homesellers Pull Listings Off Market as Interest Fades
Lawsuit Alleges Farm Bureau Financial Concealed Fraudulent Activities
More Federal Legislation Introduced to Tackle Third-Party Lit Funding 

