FIC: Consumer Protection Bills With Property Claims Handling and Surplus Lines Changes Move In House And Senate

By:  Katrina Callaway, FIC General Counsel On January 28, 2020, House and Senate committees approved the DFS Consumer Protection bills, HB 1137 and SB 1492.   A strike all amendment (678807) was approved for the House bill.  The amendment alleviates some of the concerns about the bill raised by property insurers, however, some problems still…

FIC: Health Insurance Organ Transplant Discrimination Bill Approved In House and Senate

By:  Katrina Callaway, FIC General Counsel SB 1556 and HB 1179 prohibit specified entities from denying, refusing to allocate, or lowering an individual’s priority for organ transplant medical services solely on the basis of an individual’s intellectual or developmental disability. The insurance part of the bills prohibits insurers, nonprofit health care service plans, and health…

FIC: Life Insurance Use For Medicaid Nursing Home Eligibility Removed From Bill In Committee

By:  Katrina Callaway, FIC General Counsel One provision in the original version of HB 1373 required Office of Program Policy Analysis and Government Accountability (OPPAGA) to study and report on specified issues relating to Medicaid eligibility criteria for nursing facilities, specifically the feasibility of requiring Medicaid eligible persons with a whole or universal life policy…

FIC: PBM Regulation Bill Passes Senate Committee

By:  Katrina Callaway, FIC General Counsel The Senate moved their PBM regulation bill out of its first (of three) committee on January 28, 2020 when the Senate Banking and Insurance Committee approved SB 1338 with a technical amendment, but also with a commitment from the bill sponsor to look at adding other, more controversial, amendments…

FIC: Public Records Exemption For ORSA, Corporate Governance and Other Records Starts Moving In House

By:  Katrina Callaway, FIC General Counsel HB 1409 creates a public records exemption for certain sensitive business information held by the Department of Financial Services (DFS) which is protected from public records disclosure requirements if held by the Office of Insurance Regulation (OIR). Disclosure of the exempted information, which includes Own-Risk and Solvency Assessment (ORSA)…