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Senate Finance chair brings insurers back to refine HB 1491 after pool-design concerns
Summary
Committee chair said insurers drafted HB 1491 for an assessable pool; changing to a non-assessable pool alters key provisions, so insurers will rework language and return next week as the committee continues executive-session work on the measure.
Chair opened executive session by flagging HB 1491 as the committee’s primary work item and said he had met with the insurance company that drafted the original sections. "First thing I'm gonna talk about is h b, 14 91," he said, describing a briefing the insurers prepared and their view that the draft assumed an assessable pool rather than the non-assessable pool now contemplated.
The chair said…
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