Legislature(2009 - 2010)BARNES 124
03/20/2009 03:15 PM House LABOR & COMMERCE
| Audio | Topic |
|---|---|
| Start | |
| HB175 | |
| HB22 | |
| HCR1 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | HB 22 | TELECONFERENCED | |
| *+ | HCR 1 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
| = | HB 175 | ||
HB 175-INSURANCE 3:20:37 PM CHAIR OLSON announced that the first order of business would be HOUSE BILL NO. 175, "An Act relating to insurance, including treating as confidential certain information submitted to the director of insurance by the National Association of Insurance Commissioners; clarifying conditions for the release of insurer deposits; defining travel insurance that may be sold under a travel insurance limited producer license; establishing criteria for licensing of nonresident independent adjusters as resident adjusters; exempting rewards under a wellness program from treatment as insurance discrimination or rebating; making certain insurance required of the Comprehensive Health Insurance Association permissive rather than mandatory; providing for the administration of loss reimbursement policies and payments to guaranty associations during insolvency proceedings; making certain provisions relating to statements on applications and guaranteed renewability for individual health insurance applicable to hospital and medical service corporations; making public certain forms and related documents filed for approval by a hospital or medical service corporation after the filing becomes effective; relating to deposits of self-funded multiple employer welfare arrangements; repealing reasons that the director of insurance may use to deny or revoke a license; and providing for an effective date." 3:21:11 PM LINDA HALL, Director, Division of Insurance, Anchorage Office, Department of Community & Economic Development (DCCED), introduced herself. REPRESENTATIVE COGHILL moved to adopt the proposed committee substitute (CS) for HB 175, Version 26-LS0579\S, Bailey, 3/16/09, as the work draft. There being no objection, Version S was adopted as the work draft. 3:21:52 PM MS. HALL explained the only change in Version S is the removal of Sections 25 and 26, relating to receivership and liquidation statutes for lost reimbursement policies and early access to funds from an insolvent insurer. She indicated some concern was expressed about the language and the division did not believe the provisions were critical so the language was removed from the bill. She emphasized the remainder of HB 175 did not have any changes. 3:22:37 PM CHAIR OLSON announced that he would hold over HB 175 for further consideration to allow stakeholders to review the changes.