Bill No.: HB0128 Drafter: JWL
LSO No.: 10LSO-0345 Effective Date: 7/1/2010
Enrolled Act No.: HEA0061
Prime Sponsor: Representative Simpson
Catch Title: Health insurance-interstate purchase.
Subject: Authorizes interstate sale of health insurance
• This act:
o Directs the Insurance Commissioner to enter into a consortium with at least five other states for the reciprocal interstate sale of health insurance policies;
o Requires that one of the consortium states be designated as the primary state for purposes of regulation under that state's laws and regulations;
o Provides that a consortium state insurer is exempt from a secondary state's laws and regulations, except for premium taxes and assessments, registration requirements, unfair claims practices and judicial process;
o Identifies matters to be considered by the commissioner in establishing rules of reciprocity, the types of policies eligible to be sold and the effect of interstate sales on regulation of domestic insurers.
Effective date of this act is July 1, 2010, but no policies shall be issued in this state under the act before July 1, 2011.