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AR SB483
Bill
Status
4/22/2025
Primary Sponsor
Missy Irvin
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AI Summary
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Repeals the State Securities Department's quarterly reporting requirement to the Legislative Council on funds received from court orders and settlement agreements, including disbursement plans and unappropriated fund balances
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Eliminates the standalone annual health insurance fraud report (due March 1) but incorporates fraud investigation information into the Insurance Commissioner's existing annual report to the Secretary of Commerce
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Repeals the Risk Management Division Administrator's annual report to the Governor and Legislative Council on findings and recommendations
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Removes the State Insurance Department's annual October 1 report to Legislative Council on Health Insurance Marketplace assessment fees, and eliminates the Legislative Council's December 1 review and recommendation process
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Changes craniofacial coverage (Wendelyn's Law) reporting from mandatory biannual reports to reports submitted only upon request from committee cochairs
Legislative Description
To Repeal Certain Reporting Requirements For The State Insurance Department And The State Securities Department; And To Revise Certain Reporting Requirements For The State Insurance Department.
Last Action
Notification that SB483 is now Act 957
4/22/2025