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MN SF2372
Bill
Status
3/6/2014
Primary Sponsor
Vicki Jensen
Click for details
AI Summary
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Creates administrative penalties for healthcare providers engaged in insurance fraud, including fines up to $25,000 per incident, removal of payment authorization, and restitution orders.
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Establishes new prescription drug reimbursement limits for no-fault auto insurance, including average wholesale price (AWP) plus $4.18 dispensing fee for drugs filled outside licensed pharmacies and preauthorization requirements for compound drugs.
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Increases economic benefits under no-fault auto insurance: disability/income loss from $250 to $500 per week, funeral expenses from $2,000 to $5,000, and survivors' economic loss from $200 to $500 per week.
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Prohibits homeowners insurance companies from imposing surcharges based solely on consumer inquiries that do not result in paid claims.
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Creates a 13-member task force to review motor vehicle insurance coverage verification programs in other states and recommend legislative implementation for Minnesota by February 1, 2015.
Legislative Description
Insurance fraud regulations provisions modifications
Last Action
General Orders: Stricken and re-referred to Finance
3/26/2014