CT SB01025

Authorizes the Connecticut Health Insurance Exchange to establish one or more subsidiaries as quasi-public agencies with the same privileges, immunities, and tax exemptions as the exchange.

Subsidiaries may be organized as stock or nonstock corporations or limited liability companies, with purposes set by board resolution that must be consistent with the exchange's goals.

Subsidiary boards must include at least one-half members from the exchange's board of directors or their designees, and board members receive liability protections under section 1-125 of the general statutes.

Subsidiary liability is limited solely to the subsidiary's own assets, revenues, and resources with no recourse to the exchange's general funds or assets.

Reserves certain exchange powers exclusively to the exchange, including charging assessments to health carriers, auditing funds, awarding grants, limiting plan offerings, and evaluating basic health program options.