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Read. Follow. Verify.West Virginia allows commercial property insurance policies to be underwritten for any mutually agreed-upon amount
Last action · January 29, 2026: To Banking and InsuranceSponsors: Mike Oliverio and 2 others
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What This Bill Proposed
West Virginia allows insurers and property owners to set commercial and industrial real property insurance policies at any agreed-upon amount, including values lower than the replacement cost. The change applies to commercial fire and marine insurance policies in the state.
Property owners and insurers gain the explicit legal flexibility to contract for commercial insurance coverage based on market value, depreciated cost, or other agreed-upon sums rather than strict .
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
Commercial real property owners
Property owners are permitted to negotiate and underwrite commercial property insurance policies for alternative agreed-upon valuation amounts.
Insurers providing fire insurance
Insurers are authorized to underwrite commercial real property policies for any mutually agreed-upon total amount.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Can commercial property insurance policies in West Virginia be set below replacement cost value under this bill?
Does this change apply to policies covered by multiple insurers?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · in Senate committee.
Procedural history
4 actions- Jan 29, 2026SenateCommitteeTo Banking and Insurance
- Jan 29, 2026SenateIntroducedIntroduced in Senate
- Jan 29, 2026SenateCommitteeTo Banking and Insurance
- Jan 29, 2026SenateIntroducedFiled for introduction
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
www.wvlegislature.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 45)
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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