CS/HB 1273 - Insurer Solvency

• Prohibits former officers and directors of insolvent insurers or health maintenance organizations from serving in similar positions at other insurers unless they demonstrate their actions did not significantly contribute to the insolvency.

• Establishes "health organization" definition and applies risk-based capital requirements to health maintenance organizations and prepaid limited health service organizations, with a transition period until January 1, 2020 for existing organizations operating only in Florida.

• Adds claims related to patients' health care coverage by physicians, hospitals, and other providers to Class 2 priority claims in insurer liquidation proceedings.

• Requires Class B assessments for long-term care insurance obligations to be made against all health and life insurers based on combined premiums from the 3 most recent calendar years.

• Designates health maintenance organizations as insurers for purposes of solvency requirements (sections 624.4073, 628.231, 624.4095, and 624.4085) and applies applicable provisions to their operations.