Clarifying that commercial real property insurance policies may be underwritten for less than replacement cost value of the insured property
Filed by Joseph Statler(R · District HD-077)Official link pending verification · co-sponsored by 3 legislators
The purpose of this bill is to clarify that insurance policies covering commercial or industrial real property may be underwritten for any amount agreed-upon by the parties, even if that amount is less than the replacement cost value.
Banking & Insurance
Last action: To House Banking and Insurance (January 29, 2026)
Every stage. Every date.
- Filed for introductionJanuary 16, 2026 · House
- To FinanceJanuary 16, 2026 · House
- Introduced in HouseJanuary 16, 2026 · House
- To House FinanceJanuary 16, 2026 · House
- To House Banking and InsuranceJanuary 29, 2026 · House
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- West Virginia Legislature — HB4472 official page (opens in a new tab)
- LegiScan bill record (opens in a new tab)
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