Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate OKs changes to state reinsurance pool that backstops large health claims
Summary
The North Dakota Senate passed Senate Bill 2091, giving the Reinsurance Association of North Dakota (RAND) limited flexibility to change coinsurance percentages for very large individual health-insurance claims while keeping statutory attachment points in place; final vote was 46-1 and the bill carries an emergency clause.
The North Dakota Senate passed Senate Bill 2091 on final passage after debate and questions about how federal coverage interacts with the state reinsurance pool. Final tally on Senate Bill 2091 was 46 ayes and 1 nay; the bill passed and the emergency clause carries.
Senator Brad Barta, sponsor and member of the Senate Business and Industry Committee, told the Senate the Reinsurance Association of North Dakota, known as RAND, was created by the 66th Legislature and is an insurance pool that helps carriers share the risk of very large health claims. "When a claim on an individual health insurance policy is over $100,000 an insurance company is allowed to submit the claim to the insurance department and RAND will cover 75% of the coinsurance of the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
