Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Insurance Regulation topic
No spam. Unsubscribe anytime.
Panel advances bill to license administrators of wellness reimbursement programs
Summary
A Senate committee reported House Bill 55-27 to the full Senate after counsel said the measure would require insurance-commissioner licensing for administrators of self‑insured wellness reimbursement plans, set penalties, define broker duties and require a three‑year implementation report.
The Senate Committee on Government Organization reported House Bill 55-27 to the full Senate after a presentation from committee counsel.
Professor Johnson told the committee the bill would create a new article requiring the insurance commissioner to license administrators of self‑insured "wellness reimbursement programs," impose civil and criminal penalties for unlicensed activity, require administrators to attest that programs comply with federal and state laws, define broker duties and give the commissioner rulemaking authority and a mandate to report on implementation every three years. "The bill requires a wellness reimbursement program administrator to be licensed by the insurance commissioner before the administrator may sell, offer, market, promote, or operate a wellness reimbursement program," Professor Johnson said.
Senator from Brook moved that the bill be reported to the full Senate with the recommendation that it pass but, because it has a double committee reference, first be referred to the Committee on Finance. The motion carried on a voice vote.
The bill was not debated at length in committee; no roll-call vote was recorded in the transcript. The chair confirmed the measure will be transmitted to the full Senate and sent first to Finance under the bill's original double reference.
