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Senate committee approves technical accreditation changes and exempts certain self-funded plans from health benefit plan regulation
Summary
Senate Bill 121, described by staff as an accreditation bill adopting NAIC model provisions and adding exemptions for self-funded health plans maintained by governments and certain churches, passed the committee with two amendments and was reported favorably.
The Senate Committee on Financial Institutions and Insurance voted Feb. 17 to pass Senate Bill 121 as amended. Committee staff described SB 121 as a technical, accreditation-related bill that would adopt provisions from an NAIC model and provide language to exempt certain self-funded health plans from classification as regulated "health benefit plans."
Eileen, committee advisor, summarized the bill as a technical measure ‘‘that authorized the commissioner of insurance to [make] certain instructions, calculations, and documents’’ and said it would adopt group capital calculation and liquidity stress-testing…
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