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House committee approves bill barring life insurers from denying coverage for naloxone prescriptions
Summary
The House Insurance Committee unanimously reported House Bill 111, named "Lloyd's Law," which would forbid life insurers from denying, canceling, limiting or charging different rates solely because an applicant has a prescription for an opioid overdose reversal agent such as naloxone.
House Bill 111, known in committee as "Lloyd's Law," was unanimously reported out of the House Insurance Committee after a sponsor-led presentation and constituent testimony.
The bill would prohibit life insurers from discriminating against an applicant solely for obtaining or receiving a prescription for an opioid overdose reversal agent such as naloxone. Alan Cohen, executive director of the House Insurance Committee, explained: "House bill 111 is a freestanding bill that prohibits life insurers from discriminating against an applicant solely for obtaining or receiving a…
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