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
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#6.