Loading chat...
MO HB262
Bill
Status
1/19/2011
Primary Sponsor
Michael Corcoran
Click for details
AI Summary
-
Allows Missouri residents to purchase health insurance from insurers licensed in Illinois, Arkansas, Kansas, Nebraska, Kentucky, Oklahoma, Tennessee, or Iowa, regardless of whether those insurers are licensed in Missouri.
-
Exempts foreign insurers from Missouri licensing requirements if they offer plans complying with their domiciliary state's requirements, are authorized to transact business in their home state, and maintain a dispute resolution process.
-
Exempts health plans sold by qualifying foreign insurers from most Missouri insurance regulations in chapters 375 and 376, except the director retains authority to enforce contractual benefits.
-
Requires the Department of Insurance, Financial Institutions and Professional Registration to publish notice on its website explaining residents' right to purchase health insurance from foreign insurers and may include helpful information about such purchases.
Legislative Description
Establishes the Foreign Health Insurance Purchase Act which allows Missouri residents to purchase or enroll in a health insurance policy or health benefit plan that is licensed in certain other states
Last Action
Public Hearing Completed (H)
2/15/2011