SF2839 Summary

• Modifies insurance regulations and practices including flexible benefit health plans, certificate of insurance requirements, coordination of benefits provisions, and continuing education requirements for insurance producers

• Reorganizes real estate licensing provisions for brokers, salespersons, and closing agents with new definitions of "business entity" and "responsible person"; adds advertising requirements and disclosure duties

• Reduces Real Estate Appraiser Advisory Board from 15 to 9 members and increases meeting frequency requirements from every six months to every three months

• Modifies workers' compensation self-insurer requirements by changing gross annual premium minimums from fixed dollar amounts to 150 percent of WCRA minimum retention in effect at time of application

• Authorizes flexible benefit health plans allowing modification or exclusion of state-mandated benefits (except maternity), and modifies University Promise Scholarship eligibility criteria based on annual adjusted gross income thresholds