Synopsis As Introduced Creates the Premium and Loss Data Reporting Act. Provides that all insurers subject to the Act shall report to the Director of the Division of Insurance accurate and complete information for each accident and health coverage type requested. Sets forth the specific types of accident and health coverage requested for reporting.
House Committee Amendment No. 1 Provides that neither the Governor nor any agency or agency head under the jurisdiction of the Governor has any rulemaking authority under the Act, but that the Governor may suggest rules by filing them with the General Assembly and requesting that the General Assembly authorize such rulemaking by law, enact the suggested rules into law, or take other appropriate action in the General Assembly's discretion.
House Floor Amendment No. 2 In the Section concerning reports, requires that insurers with comprehensive major medical business currently in force in the State that covers more than 500 unduplicated persons shall, on or before April 1 for the preceding year ending December 31, file a completed annual supplemental report with premium and loss data (rather than with average provider reimbursement rates) on health benefit plans currently in force in the State. Provides that information reported under the Section must be reported in an aggregate format. Provides that the Section does not allow for the collection of any information that allows for the identification of an individual provider. Makes technical corrections.