HB1238: Insurance matters.

Legislative Summary

Insurance matters. Specifies that the compliance of a practitioner and facility with federal law meets the good faith estimate requirements concerning health service costs. Reduces, from 1% to 0.15%, the lowest interest rate that an insurer may use in determining the minimum nonforfeiture amounts for an annuity contract. Provides that, as a condition of license renewal, a limited lines producer with a title insurance qualification must complete at least seven hours of continuing education in any combination of the following subjects: (1) Ethical practices in the marketing and selling of title insurance, including provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. (2) Title insurance underwriting. (3) Escrow matters. (4) Matters concerning regulation by the department of insurance. (5) Marketing and selling of title insurance. Allows a property and casualty insurance company to offer property and casualty insurance on a group basis to ten or more commercial, business, or not-for-profit entities that have a preexisting relationship to one another through a common trade, an association, an affiliation, or another organizational relationship that is separate and distinct from any group insurance arrangement of the group. Amends the definition of "health payer" for the all payer claims data base. Provides that an insurer, to operate as a farm mutual insurance company, may not have annual direct written premiums of more than $15,000,000 (instead of $10,000,000). Provides that, except for grandfathered health plans, an accident and sickness insurance policy or health maintenance organization contract must cover or provide: (1) a colorectal cancer screening test assigned either an "A" or "B" grade by the United States Preventive Services Task Force; and (2) a follow-up colonoscopy.