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)…

FIC: Auto FR and Self Insurance For Taxis and TNC Changes Added to Transportation Bill In House

By: Katrina Callaway, FIC General Counsel The House transportation omnibus bill, HB 395, picked up some insurance related provisions in committee on January 28, 2020 via a strike all amendment (263101).  The additions change the financial responsibility and self-insurance requirements in current law for taxis and make several TNC changes, including the creation of disability…

FIC: TNC Advertising Allowed and Luxury TNCs Created Under Bills Approved By House and Senate Committees

By:  Katrina Callaway, FIC General Counsel Bills allowing advertising on the roofs of TNC vehicles and creating luxury ground transportation TNCs advanced in the House and Senate this week, though the bills have some differences outlined below. The Senate Infrastructure and Security Committee approved SB SB 1352 without amendment.  However, the House bill (HB 1039)…