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Bill would shift deadline for municipalities to notify GIC of intent to withdraw, lawmakers hear
Summary
Representative testified in favor of House Bill 1150 to move the municipal deadline to notify the Group Insurance Commission (GIC) of withdrawal by three months so local public employee committees can compare plan options after GIC sets rates.
Representative Kevin Elliot (testifying) told the Joint Committee on Financial Services that House Bill 1150 would give local officials and public employee committees (PECs) more time to compare the Group Insurance Commission’s plan decisions when considering whether to withdraw from the GIC.
"Under current municipal insurance law, Chapter…
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