Health insurance rates; minimum loss ratios. (HB2345)

Introduced By

Del. David Toscano (D-Charlottesville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Health insurance rates; minimum loss ratios. Codifies provisions that currently are set out in regulations adopted by the State Corporation Commission that govern the filing of rates for individual and certain group health benefit plans. The measure authorizes the Commission, upon finding that a premium rate filed will not meet the originally filed and approved loss ratio, to require appropriate rate adjustments, premium refunds, or premium credits as necessary for the coverage to conform with established minimum loss ratio standards. Amends § 38.2-1902, § 38.2-4214, § 38.2-4319, of the Code of Virginia. Read the Bill »

Status

01/17/2019: Awaiting a Vote in the Commerce and Labor Committee

History

DateAction
01/08/2019Committee
01/08/2019Prefiled and ordered printed; offered 01/09/19 19102654D
01/08/2019Referred to Committee on Commerce and Labor
01/15/2019Assigned C & L sub: Subcommittee #1
01/16/2019Impact statement from SCC (HB2345)
01/17/2019House subcommittee amendments and substitutes offered
01/17/2019Subcommittee recommends reporting with substitute (7-Y 0-N)

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