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House Business Committee sends bill to House floor to expand and clarify Life and Health Insurance Guarantee Association
Summary
House Bill 38 would clarify the Guarantee Association's coverage, allow inclusion of certain co-ops, permit interest-rate rollbacks, and remove the cap on membership fees; the committee voted to send the bill to the House floor with a 'do pass' recommendation after a public hearing that included testimony from Mountain Health Co-op.
At a Feb. 7 public hearing, the House Business Committee voted to send House Bill 38 to the House floor with a do-pass recommendation. Representative Jeff Ehlers, District 21, Meridian, sponsored the bill, which would amend how the Life and Health Insurance Guarantee Association protects policyholders.
Ehlers told the committee HB38 makes four changes. First, it clarifies the association's intent to protect original…
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