FIC: Updated Details on Insurer Receivership/WC Large Deductibles Legislation

By:  Sam Miller, FIC Consultant Senate staff Wednesday released on the Legislature’s Internet site a revised bill text and insurance committee analysis of an insurance insolvency regulation package (CS/SB 730) adopting provisions from the National Association of Insurance Commissioners’ Insurer Receivership Model Act and the NAIC 2016 Workers Compensation Large Deductibles Study. See these links:…

FIC: DMPO Revision Details Now Available

By:  Sam Miller, FIC Consultant The Senate Banking & Insurance Committee Wednesday posted a revised staff analysis and bill text for CS/SB 430, a package updating regulations on discount medical plan organizations (DPMOs) offered by many employers throughout the state. This was approved by Senate B&I Monday, with a similar package (CS/HB 577) advanced Tuesday…

FIC: House Panel Advances Discount Medical Plans Bill

By: Sam Miller, FIC Consultant HB 577 Discount Plan Organizations — by Pigman Strike-all amendment: 777669 A bill updating regulation of discount medical plan organizations (DMPOs) was approved by the House Health Innovation Subcommittee Tuesday, a day after similar legislation passed the Senate Banking & Insurance Committee. The House bill (CS/HB 577), sponsored by Cary…

FIC: House Panel Approves Simpler Personal Lines Residential Policy Transfer

By:  Sam Miller, FIC Consultant HB 805 Insurance Policy Transfers — by IngogliaAmendment by Rep. Ingoglia: [612675] The House Insurance & Banking Subcommittee Tuesday approved a bill authorizing the transfer of a personal lines residential or commercial/residential policy as a renewal policy rather than a cancellation, nonrenewal, or termination; extending the simpler process currently allowed…