Senate Amendment 5363 PAG LIN 1 1 Amend House File 2531, as amended, passed, and 1 2 reprinted by the House, as follows: 1 3 #1. Page 42, after line 25 by inserting: 1 4 <DIVISION ___ 1 5 INTERSTATE HEALTH INSURANCE COMPACT 1 6 Sec. ___. INTERSTATE HEALTH INSURANCE COMPACT == 1 7 RECOMMENDATIONS FOR LEGISLATION. 1 8 1. The commissioner of insurance, in collaboration 1 9 with the attorney general and the Iowa legislative 1 10 health care coverage commission shall develop 1 11 recommendations for legislation to allow the state 1 12 of Iowa to join with other states to establish an 1 13 interstate health insurance compact governing the sale 1 14 of private health benefit plans in the state that are 1 15 approved as to form and rate by member admitted states 1 16 that are members of the compact. 1 17 2. The recommendations for legislation shall allow 1 18 the state to accomplish, through the means of joint and 1 19 cooperative action among the compacting states, the 1 20 purposes of the compact including but not limited to 1 21 the following: 1 22 a. Promote and protect the interest of consumers of 1 23 health benefit plans in the small group market. 1 24 b. Develop uniform standards for insurance products 1 25 covered under the compact. 1 26 c. Establish an agreed method of confirming that 1 27 health benefit plans issued in the state of Iowa 1 28 qualify under the requirements of Title XIII of the 1 29 Code of Iowa or the requirements of one or more of the 1 30 compacting states. 1 31 d. Improve coordination of regulatory resources 1 32 and expertise between state insurance departments 1 33 regarding the setting of uniform standards and review 1 34 of insurance products covered under the compact. 1 35 e. Perform these and other related functions, 1 36 consistent with the state regulation of the business of 1 37 insurance and health benefit plans or policies. 1 38 3. The recommendations for legislation shall be 1 39 contained in a report by the commissioner of insurance 1 40 to the general assembly that is submitted by December 1 41 15, 2010. 1 42 Sec. ___. EFFECTIVE UPON ENACTMENT. This division 1 43 of this Act, being deemed of immediate importance, 1 44 takes effect upon enactment.> JACK HATCH HF2531.2913 (2) 83 av/jp -1-