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Committee gives House Bill 38 due pass to expand guaranty association membership and clarify protections
Summary
The House Business Committee voted Feb. 7 to send House Bill 38 to the House floor with a due pass recommendation. Sponsor Rep. Jeff Ehlers said the bill would clarify who the Life and Health Insurance Guaranty Association protects, include one ACA-created co‑op, adjust the interest-rate rollback authority and remove a cap on membership fees.
Representative Jeff Ehlers, R‑Meridian, asked the House Business Committee on Feb. 7 to send House Bill 38 to the House floor with a due pass recommendation. Ehlers described four changes to the Life and Health Insurance Guaranty Association included in the bill.
"This is related to the Life and Health Insurance Guarantee Association," Ehlers said, describing the association as the policyholder equivalent of the FDIC for…
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