Bill Status
Generated on 8/13/2007 3:59:34 PM
Measure Title:
RELATING TO INSURANCE.
Report Title:
Managed care plan
Description:
Sets a maximum limit of 30% of annual expenses on the reserves that a managed care plan may hold. Requires refunds of excess reserves be made to subscribers, customers, or enrollees of the managed care plan. Allows the Commissioner to waive the requirement of a refund if enrollees of a managed care plan would be jeopardized, if the managed care plan would need the reserves to increase its enrollment or make capital investments, of if the excess to be refunded is the result of temporary fluctuations in investments. Excludes disability insurance from the excess reserve requirements.
Current Referral:
HLT, CPC
| Date | | Status Text |
|---|
| 1/22/2007 | H | Pending introduction. |
| 1/24/2007 | H | Introduced and Pass First Reading. |
| 1/24/2007 | H | Referred to HLT, CPC, referral sheet 4 |