Senate File 346 S-3070 Amend Senate File 346 as follows: 1 1. By striking page 1, line 35, through page 2, 2 line 4, and inserting < and accessible by the general 3 public. “Intermediary” also means an entity registered 4 with the administrator as an Iowa crowdfunding portal. > 5 2. Page 2, after line 9 by inserting: 6 < (3) “Iowa crowdfunding portal” means an entity 7 incorporated or organized under the laws of this state, 8 authorized to do business in this state, and engaged 9 exclusively in intrastate crowdfunding offers and 10 sales of exempt securities in this state through an 11 internet site and which does not operate or facilitate 12 a secondary market in securities. > 13 3. Page 5, after line 31 by inserting: 14 < Sec. ___. Section 505.19, Code 2015, is amended by 15 adding the following new subsection: 16 NEW SUBSECTION . 4A. Notwithstanding subsection 1, 17 a health insurance carrier licensed to do business in 18 this state that participates in the health benefits 19 exchange used in this state and created pursuant to the 20 federal Patient Protection and Affordable Care Act, 21 Pub. L. No. 111-148, as amended by the federal Health 22 Care and Education Reconciliation Act of 2010, Pub. L. 23 No. 111-152, shall not be subject to the requirements 24 of this section for health plans issued by the health 25 insurance carrier that are filed and purchased within 26 the exchange or the matching health plans issued by the 27 health insurance carrier that are purchased outside of 28 the exchange. However, such a health insurance carrier 29 shall inform policyholders who purchase such health 30 plans of their total premium due and any rate increases 31 to their premium for each upcoming policy year. Such 32 notice shall be provided thirty days prior to the 33 beginning of open enrollment for the health plans and 34 shall provide policyholders with information about how 35 the policyholder can contact the insurance division to 36 submit a comment about a proposed rate increase. A 37 health insurance carrier subject to this subsection 38 shall be subject to all applicable other state and 39 federal laws. > 40 4. Page 15, by striking lines 4 through 19. 41 5. Page 19, line 17, by striking < may > and 42 inserting < shall > 43 6. By renumbering as necessary. 44 ______________________________ MATT McCOY -1- SF346.1161 (2) 86 av/sc 1/ 1 #1. #2. #3. #4. #5. #6.