HB 175 Summary

• Treats analysis ratios and examination synopses submitted to the director of insurance by the National Association of Insurance Commissioners as confidential information.

• Defines travel insurance limited producer licenses to cover trip cancellation, trip interruption, and life/health/disability/personal effects coverage related to common carrier transportation.

• Exempts wellness program rewards from being treated as insurance discrimination or rebating if the program meets specified requirements including reasonable design, annual qualification opportunities, and does not exceed 20 percent of coverage cost.

• Makes certain Comprehensive Health Insurance Association coverage permissive rather than mandatory and applies health insurance application and renewability provisions to hospital and medical service corporations.

• Establishes procedures for summary suspension of insurance licenses without prior hearing when director finds emergency action necessary, with hearing required within 20 days and decision within 30 days.