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AR SB483

Bill

Status

Passed

4/22/2025

Primary Sponsor

Missy Irvin

Click for details

Origin

Senate

95th General Assembly (2025 Regular)

AI Summary

  • 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

  • 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

  • Repeals the Risk Management Division Administrator's annual report to the Governor and Legislative Council on findings and recommendations

  • 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

  • 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

Committee Referrals

Insurance and Commerce4/1/2025
Insurance & Commerce3/17/2025

Full Bill Text

No bill text available