House Journal: Page 535: Wednesday, February 28, 2001
12 e. A multiple employer welfare arrangement
13 registered with the commissioner of insurance shall
14 file with the commissioner of insurance on or before
15 March 1 of each year an annual report containing all
16 of the following information regarding the multiple
17 employer welfare arrangement:
18 (1) The number of participants.
19 (2) The amount of premium collected.
20 (3) Those special health and accident coverages
21 under chapter 514C provided by the multiple welfare
22 arrangement.
23 f. The reports filed by the multiple employer
24 welfare arrangements pursuant to paragraph "e" shall
25 be compiled by the insurance division and filed
26 annually with the general assembly by March 30. The
27 compilation shall include the following information:
28 (1) A computation of the amount of premium tax
29 that would have been paid by the multiple employer
30 welfare arrangements if the arrangements had been
31 insurance companies.
32 (2) A computation of the amount that would have
33 been assessed by the Iowa individual health benefit
34 reinsurance association to the multiple employer
35 welfare arrangements if the arrangements had been
36 members of the Iowa individual health benefit
37 reinsurance association.
38 Sec. . INTERIM STUDY. The legislative council
39 is requested to authorize an interim study committee
40 to review the current status of the health insurance
41 market in Iowa with regard to multiple employer
42 welfare arrangements presently registered with the
43 commissioner of insurance, and whether or not
44 additional multiple employer welfare arrangements
45 should be permitted to operate in Iowa. The study
46 shall include a review of the regulatory oversight of
47 all health insurance products sold in Iowa, and report
48 on the conditions of the health insurance market in
49 Iowa. The study committee shall be composed of
50 representatives of the general assembly, the insurance
Page 2
1 division, the insurance industry, the business
2 community, and such other interests as the legislative
3 council deems appropriate. Appointments to the
4 committee shall be made no later than June 15, 2001.
5 Staffing for the committee shall be provided by the
6 legislative service bureau. The study committee shall
7 submit a report of findings and recommendations,
8 including proposed legislation, if any, to the general
9 assembly on or before November 15, 2001."
10 3. Page 2, by inserting after line 7 the
© 2001 Cornell College and
League of Women Voters of Iowa
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