FIC: Insulin Cap The Copay Moves In Senate

By:  Katrina Callaway, FIC General Counsel On January 15, 2020, the Senate Banking and Insurance Committee passed SB 116 with one amendment.  The bill requires individual and group health insurance policies and health maintenance organization (HMO) contracts that provide coverage for prescription insulin drugs for the treatment of diabetes to cap the cost sharing of…

FIC: Public Records Exemption For ORSA, Corporate Governance and Other Records Passes Committee

By:  Katrina Callaway, FIC General Counsel SB 1188 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)…