CHARLESTON, WV (LOOTPRESS) – The Committee on Banking and Insurance met this morning to consider:
House Bill 4933 excludes dentures from the $1,000 dental coverage cap. Dentures are covered but do not apply to the $1,000 limit. The bill advances to Health and Human Resources.
House Bill 5057 sets the referral fee to an insurance company to a one-time fee of no more than $100. The bill advanced to the Judiciary.
House Bill 4947 creates the “First Time Home Buyers Savings Act.” The bill provides for subtractions from federal adjusted gross income. It also provides for limitations on the amount which can be subtracted. Financial institutions must provide account holders with information certificates. The bill requires the Tax Commissioner to propose rules to implement the act. The bill advanced to Finance.
House Bill 5082 exempts individuals who have held an insurance license for 20 or more continuous years from general continuing education requirement, as long as they reach a specific age first. The bill advances to Government Organization.
