Relating to regulation of insurance rates; declaring an emergency.
Catchline/Summary:
Creates procedure and establishes criteria by which Director of Department of Consumer and Business Services may approve or disapprove health insurance premium rates for small employers or individual health benefit plans.Establishes criteria for Department of Consumer and Business Services to use in determination of whether to approve health insurance premium rates.] Creates procedure and establishes criteria by which Director of Department of Consumer and Business Services may approve or disapprove health insurance premium rates for small employers or individual health benefit plans. Specifies date on which approved proposed rate takes effect. Prescribes information that must be provided by insurer seeking approval of rates. Requires large employer group health insurers to submit premium rates to Director of Department of Consumer and Business Services for approval. Creates process for party adversely affected or aggrieved by approval of premium rates to challenge order in contested case and allows award of attorney fees against insurer in favor of prevailing party.]
Declares emergency, effective on passage.
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HB 3145 House Committee On Rules
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