Bills › 88th General Assembly
HSB 219
Where it is now
- Done: IntroducedMarch 8, 2019
- Done: SubcommitteeFebruary 27, 2019
- Done: House committeeMarch 5, 2019
- Done: Passes the HouseMarch 26, 2019
- Skipped: Senate committeeSkipped
- Done: Passes the SenateMarch 20, 201949–0
- Done: To the GovernorMarch 29, 2019
- Done: Signed into lawMarch 29, 2019
SF 556 became law → The same legislation passed as SF 556, so this version was set aside. Go to SF 556 What’s a funnel?
What’s in it
This bill relates to the membership of the life and health insurance guaranty association and assessments to member insurers for insurance written by impaired or insolvent member insurers, and including applicability provisions. The bill amends Code chapter 508C (Iowa life and health insurance guaranty association) to conform more closely to the national association of insurance commissioners’ life and health guaranty association model act and to adopt several of the changes to the model act recently adopted by the national association of insurance commissioners.
Read the full explanation
The bill provides that assessments to member insurers of the life and health insurance guaranty association (association) for long-term care insurance written by an impaired or insolvent insurer shall be allocated by the methodology included in the association’s plan of operation and must provide for percent of the assessment to be allocated to accident and health member insurers and percent to be allocated to life and annuity member insurers. Current law does not provide for life and annuity members to be included in the assessment for long-term care insurance written by an impaired or insolvent insurer. The bill also provides for the inclusion of health maintenance organizations, other than limited service organizations, as member insurers of the association. Current law does not include health maintenance organizations as members of the association. _____ of the organization.1.25A, assessments for insolvency protection for health maintenance organizations. The bill applies to any member insurer that becomes insolvent or unable to fulfill the member insurer’s contractual obligations on or after the date the bill becomes effective.
Changed since by amendments S-3053, H-1063; see Amendments.
House subcommittee
Named February 27, 2019. On February 28, 2019 it recommended passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Amends§507C.3§508C.10§508C.11§508C.12§508C.13§508C.18§508C.18A§508C.2§508C.3§508C.5§508C.6§508C.7§508C.8§508C.9§514B.25A
Lobbying
5 for · 0 against · 15 undecided · Who →
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88th General Assembly