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

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