Relating to authorizing the Insurance Commission to promulgate a legislative rule relating to insurance holding company systems.

HB 4246 authorizes West Virginia's Insurance Commission to implement a specific regulatory rule (114 CSR 35) concerning insurance holding company systems. This rule, previously developed and modified to address legislative committee feedback, directly affects insurance companies operating under holding company structures in the state. The bill formally approves the rule's adoption without creating new policy, ensuring the Commission can enforce existing regulatory standards for these insurance entities. It is a procedural measure to finalize an existing rule, not a new policy change.