Authorizes Director of Department of Consumer and Business Services to conduct public meeting on insurer's request for approval of premium rates for individual or small employer health benefit plan. Authorizes Director of Department of Consumer and Business Services to conduct public meeting on insurer's request for approval of premium rates for individual or small employer health benefit plan.
Requires director to conduct public meeting on rate request if filing proposes seven percent or greater increase in rates and affects 1,000 or more policyholders. Requires director to certify intervenor that meets specified criteria for purposes of proceedings. Authorizes director to conduct public hearing and requires public hearing on request of certified intervenor. Provides that insurer has burden of proving that rate filing satisfies requirements. Requires that director act on rate filing by 90th day after beginning of public comment period or filing is deemed disapproved.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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SB 515 Senate Committee On General Government, Consumer and Small Business Protection
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