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MN SF761
Bill
Status
3/11/2019
Primary Sponsor
Gary Dahms
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AI Summary
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Extends the Minnesota Comprehensive Health Association's administration of the Minnesota premium security plan through the 2022 benefit year
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Requires the association to submit quarterly reports on plan operations and annual reports to the commissioner, legislative committees, and the public by November 1 of the year following each benefit year or 60 days after final reinsurance payments, whichever is later
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Specifies that annual reports must include reinsurance parameters, metal levels affected, number of claim payments by product and carrier, estimated reinsurance payments, appropriated funds and revenue sources, total reinsurance payments to each carrier, and administrative expenses as a dollar amount and percentage of operational budget
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Extends the deadline for transferring remaining state funds from the premium security plan account from June 30, 2021 to June 30, 2024
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Maintains spending caps of $271,000,000 per year for benefit years 2018 and 2019 on operational, administrative, and reinsurance costs
Legislative Description
Minnesota premium security plan funding operation extension; reporting specifications
Last Action
Motion did not prevail
3/20/2019