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House Business Committee sends HB38 to floor to expand insurer guarantee association membership and clarify protections
Summary
House Bill 38, which would change provisions of the Life and Health Insurance Guarantee Association, including the inclusion of co‑ops and removal of a cap on membership fees, was sent to the House floor with a due‑pass recommendation after a public hearing and brief testimony from Mountain Health Co‑op.
Representative Jeff Ehlers, R‑21 (Meridian), opened the Feb. 7 public hearing on House Bill 38, saying the bill would amend how the Life and Health Insurance Guarantee Association (the state insurer backstop for policyholders) operates.
Ehlers described four principal changes in the bill: clarifying that the guarantee association is intended to protect original policyholders and not speculative purchasers (for example, factoring companies); confirming the association’s…
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