(a) The commissioner shall annually issue a communication to West Virginia state and local governmental entities and nonprofit organizations which shall have the following objectives:
(1) To make state and local governmental entities and nonprofit organizations aware of the 1988 amendments to the federal Robert T. Stafford Emergency Assistance and Disaster Relief Act which impose penalties in the form of reductions in Federal Emergency Management Agency (FEMA) disaster relief funds on public entities who fail to purchase adequate flood insurance on all property located in identified flood hazard areas;
(2) To make state and local governmental entities and nonprofit organizations generally aware of the magnitude of risk exposure and potential financial loss that may result from these penalties; and
(3) To make state and local governmental entities and nonprofit organizations aware that low-cost, federally subsidized flood insurance may be available through the National Flood Insurance Program (NFIP).
(b) The commissioner may propose rules for legislative approval in accordance with the provisions of article three, chapter twenty-nine-a of this code to effectuate the provisions of this section.
Structure West Virginia Code
Article 2. Insurance Commissioner
§33-2-1. Office Continued; Appointment, Qualifications and Term
§33-2-2. Compensation and Expenses of Commissioner and Employees; Location of Office
§33-2-3. Duties of the Commissioner; Employment of Legal Counsel
§33-2-3a. Administrative Investigations
§33-2-4. Authority to Take Depositions, Subpoena Witnesses, etc.
§33-2-6. Service of Subpoena; Compelling Compliance
§33-2-8. Insured to Produce Records Upon Request
§33-2-9. Examination of Insurers, Agents, Brokers and Solicitors; Access to Books, Records, etc.
§33-2-9a. Imposing a One-Time Assessment on All Insurance Carriers
§33-2-10. Rules and Regulations
§33-2-10a. Insurance Emergencies -- Suspension of Deadlines
§33-2-11. Enforcement of Orders; Revocation of Licenses; Court Action
§33-2-15. Annual Report by Commissioner
§33-2-15a. Annual Flood Insurance Communication to Public Entities by Commissioner
§33-2-15b. Reports to the Legislature
§33-2-15c. Reports to the Legislature
§33-2-15d. Report to the Legislature
§33-2-17. Office of Consumer Advocacy
§33-2-19. Confidentiality of Information
§33-2-21a. State Agency Workers' Compensation Programs
§33-2-23. Transfer of Assets of the State Office of the National Flood Insurance Program