Senate
Study
Bill
3131
-
Introduced
SENATE/HOUSE
FILE
_____
BY
(PROPOSED
DEPARTMENT
OF
COMMERCE/INSURANCE
DIVISION
BILL)
A
BILL
FOR
An
Act
relating
to
matters
involving
insurance
and
the
1
insurance
division
of
the
department
of
commerce
to
reflect
2
current
practices
and
resolve
inconsistencies.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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S.F.
_____
H.F.
_____
Section
1.
Section
507B.4,
subsection
1,
Code
2018,
is
1
amended
to
read
as
follows:
2
1.
For
purposes
of
subsection
3
,
paragraph
“p”
,
“insurer”
3
means
an
entity
providing
a
plan
of
health
insurance,
health
4
care
benefits,
or
health
care
services,
or
an
entity
subject
5
to
the
jurisdiction
of
the
commissioner
performing
utilization
6
review,
including
an
insurance
company
offering
sickness
and
7
accident
plans,
a
health
maintenance
organization,
a
nonprofit
8
health
service
corporation,
a
plan
established
pursuant
9
to
chapter
509A
for
public
employees,
or
any
other
entity
10
providing
a
plan
of
health
insurance,
health
care
benefits,
11
or
health
care
services.
However,
“insurer”
does
not
include
12
an
entity
that
sells
disability
income
or
long-term
care
13
insurance.
14
Sec.
2.
REPEAL.
Section
505.32,
Code
2018,
is
repealed.
15
EXPLANATION
16
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
17
the
explanation’s
substance
by
the
members
of
the
general
assembly.
18
This
bill
relates
to
matters
involving
insurance
and
the
19
insurance
division
of
the
department
of
commerce
to
reflect
20
current
practices
and
resolve
inconsistencies.
21
Code
section
507B.4(1)
is
amended
to
provide
that
an
entity
22
that
sells
long-term
care
insurance
is
an
“insurer”
for
23
purposes
of
requiring
payment
of
interest
on
specified
health
24
insurance
claims.
This
amendment
is
consistent
with
provisions
25
of
Code
section
514G.102
relating
to
long-term
care
insurance
26
policies.
27
Code
section
505.32
is
repealed,
eliminating
the
requirement
28
that
the
commissioner
of
insurance
establish
an
information
29
clearinghouse
on
the
insurance
division’s
internet
site
for
30
Iowans
to
obtain
information
related
to
health
care
coverage
31
available
in
this
state.
32
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