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Committee advances bill to alter Life and Health Insurance Guarantee Association rules; co-op seeks membership
Summary
House Bill 38 was advanced from the House Business Committee with a due-pass recommendation to change membership, fee, and coverage rules for the Life and Health Insurance Guarantee Association.
Representative Jeff Ehlers, District 21 of Meridian, sponsored public hearing on House Bill 38 before the House Business Committee on Feb. 7.
The bill would make four primary changes to the Life and Health Insurance Guarantee Association: clarify that the association’s protections apply to original policyholders rather than speculative buyers such as factoring companies; allow the association to roll back interest rates on…
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