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AR HB1419

Bill

Official Source

Status

Passed

4/18/2013

Primary Sponsor

John Burris

Click for details

Origin

House of Representatives

89th General Assembly (2013 Regular)

AI Summary

  • Amends Arkansas Code § 23-79-109(a)(1)(A) regarding insurance policy form filing and approval with the Insurance Commissioner
  • Allows the Insurance Commissioner to consider a nonprofit insurer's surplus levels when determining whether a proposed health insurance rate is excessive
  • Exempts nonprofit insurers that offer only limited scope dental benefits from surplus level consideration in rate review

Legislative Description

To Regulate The Practices Of Health Insurance Companies; And To Prohibit The Accumulation Of Excess Income, Reserves, Capital, Capital Surplus, Or Investment Savings In The Course Of Providing Health Insurance.

Last Action

Notification that HB1419 is now Act 1339

4/18/2013

Committee Referrals

Insurance and Commerce4/11/2013
Insurance & Commerce4/5/2013
Insurance and Commerce2/21/2013

Full Bill Text

No bill text available