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.
AIG Underwriting Income Up 48% in Q4 on North America Commercial
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 

