H-8250

   Amend Senate File 2329, as passed by the Senate, as follows:
   1.  By striking everything after the enacting clause and inserting: 
   Section 1.  NEW SECTION.  505.20  Certain organizations exempt from regulation.
   1.  A health benefit plan, sponsored by an eligible organization domiciled in this state that meets the requirements set forth in subsection 2, shall be deemed to not be insurance pursuant to this subtitle and shall not be subject to the jurisdiction of the commissioner of insurance to the extent such health benefit plan, after January 1, 2019, provides health benefits under a self-funded arrangement that is administered by an eligible third-party administrator that meets the requirements set forth in subsection 3.
   2.  An eligible organization providing a health benefit plan to its members under this section shall meet all of the following requirements:
   a.  Provide membership opportunities for eligible individuals.
   b.  Collect annual dues from members.
   c.  Hold regular meetings to further the purposes of the members.
   d.  Provide members with representation on the organization’s governing board and committees.
   e.  Provide education, mentoring, or financial assistance.
   f.  Contract with an eligible third-party administrator that meets the requirements set forth in subsection 3 to administer the health benefit plan. The contract with the eligible third-party administrator shall provide that the eligible third-party administrator shall not be responsible for paying any claims under the health benefit plan that are not funded by the eligible organization.
   3.  An eligible third-party administrator administering a self-funded arrangement under this section shall meet all of the following requirements:
   a.  Register as a third-party administrator pursuant to chapter 510.
   b.  Offer individual health insurance products either directly or through an affiliate organization.
   4.  Prior to providing a health benefit plan to its members under this section an eligible organization shall file a certification with the commissioner that the eligible organization meets all requirements of this section.
   5.  The commissioner shall ensure expedited processing of a third-party administrator registration pursuant to chapter 510 for a third-party administrator administering a self-funded arrangement under this section.>
   2.  Title page, line 2, by striking <agricultural>

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VANDER LINDEN of Mahaska

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PETTENGILL of Benton