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…