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Insurance Commissioner and DHS Back Bill Letting Childcare and Behavioral‑Health Providers Form State‑Overseen Risk Pools
Summary
Senate Bill 614 would authorize state‑overseen pooled self‑insurance (captives/risk retention) for child care, foster care and behavioral‑health providers to address soaring liability premiums and carrier withdrawal; Insurance Department framed it as a long‑term market intervention, not an immediate fix.
Lawmakers considered Senate Bill 614, a proposal to allow child care, foster care and behavioral‑health providers to form state‑overseen pooled self‑insurance arrangements to address an acute liability‑insurance market squeeze. Representative Lily Walsh introduced the measure on behalf of the Senate sponsor and explained the bill is modeled on approaches used elsewhere to aggregate risk and stabilize premiums.
Insurance Commissioner DJ Benton Court told the committee the market has contracted and premiums for certain…
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