FIC: Federal Reinsurance Tax

Federal Legislation Update: There are two proposals at the federal level that may be included in upcoming corporate tax reform plans that would have a disastrous impact on the insurance industry for our state:The first proposal, expected to be reintroduced by US Rep. Richard Neal (D-MA), would deny tax deductions for certain reinsurance premiums paid…

FIC: DMPO Bill Passes Last House Committee

By:  Katrina Callaway, FIC General Counsel A bill designed to update regulation of discount medical plan organizations (DMPOs) was approved by the House Health and Human Services Committee on March 23, 2017 without amendment.  HB 577 will now be heard on the House floor when set by the Rules Committee.  The Senate companion, SB 430,…

FIC: Sidewalk Delivery Drone Bill Goes to House Floor

By:  Katrina Callaway, FIC General Counsel A bill, HB 601, authorizing the use of personal delivery devices (PDDs) on sidewalks unanimously passed its last House committee on March 22, 2017.  The bill also contains regulations relating to use of PDDs.   The insurance-related regulation contained in the bill requires PDD operators maintain general liability coverage…