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Legislation Exempting Surety & Fidelity from Filing Requirements Enacted in West Virginia

Friday, March 30, 2018  
Legislation Exempting Surety & Fidelity from Filing Requirements Enacted in West Virginia 

The West Virginia Governor has signed SB 495, which exempts surety and fidelity, among several commercial insurance lines, from the rate and rule filing requirements in the existing law. Under prior law, rates and rules for these lines of business had to be filed under a file and use system with a 30 day waiting period. Such legislation benefits SFAA as an advisory organization, as well as SFAA members.

Members should visit Government Relations / General Info (Members) for more information.



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