Insurance Commission rule relating to premium financing for life insurance for college students

SB 289 authorizes the West Virginia Insurance Commission to establish a rule governing how insurance companies can offer installment payment plans (premium financing) for life insurance policies purchased by college students. This rule would set requirements for insurers to follow when providing financing options, directly affecting college students seeking affordable life insurance and the insurance companies offering these services. The bill does not create the rule itself but enables the Commission to develop it through standard regulatory processes.