The Senate Banking and Insurance Committee has approved two bills to be reported to the full Senate with the recommendation that they pass.
SB 434 would update the West Virginia Guaranty Association Act.
Brian Helmick, legal counsel to the West Virginia Guaranty Association, addressed concerns from the committee.
Helmick said the Act has not been updated for the past 47 years since it first passed.
The bill will be referred to Senate Judiciary once reported to the floor.
SB 522 would define audit procedures between pharmacy benefits managers and pharmacies.
Matt Walker was available on behalf of the West Virginia Independent Pharmacy Association to answer questions.
