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: Package Adopts Provisions from NAIC Receivership Model Act, Comp Large Deductible Study

By: Sam Miller, FIC Consultant Passidomo amendment with recommendations from the NAIC 2016, Workers Compensation Large Deductibles Study adopted by the committee is available from this link: 374774. Farmer amendment adopted by the committee is available from this link: 865748. Senate B&I Staff Analysis is available from this link: SB 730 Staff Analysis. It does not…

FIC: WC Reimbursement Manual Ratification Bill Goes to Last Committee

By:  Katrina Callaway, FIC General Counsel SB 404 which exempts workers’ compensation reimbursement allowances and manuals adopted by rule by DFS from legislative rule ratification unanimously passed its second committee on March 6, 2017.  The bill was not amended and has one committee left. Under current law, the reimbursement allowances and reimbursement manuals approved by…