HB516 Summary

• Authorizes the Chief Executive Officer of the Alabama State Employees Insurance Board to approve offering of group voluntary work site benefit products by insurance carriers.

• Excludes major medical coverage from the types of group insurance products that may be approved.

• Requires insurance carriers to have been previously approved under Section 36-1-4.3 of the Code of Alabama 1975 and by the Commissioner of Insurance.

• Becomes effective on the first day of the third month following passage and approval by the Governor.

• Passed the House on May 2, 2012 with a vote of 97-0.