Kyle Brown
- Democratic
- Representative
- District 12
Primary
The act amends the priority of distribution of insurance claims paid from an insurer's estate in the event of the insurer's liquidation to include in the class 1 distribution priority payments that an impaired or insolvent insurer owes to the risk adjustment program that are necessary to prevent another insurer from becoming impaired or insolvent. This prioritization adjustment repeals on July 1, 2026. The act also amends the "Life and Health Insurance Protection Association Act" as follows: Adds health maintenance organizations (HMOs) as members of the association and subjects HMOs to assessments from the association; Allocates responsibility for long-term care insurance assessments between health insurance and life insurance association members; and Specifies that the "Life and Health Insurance Protection Association Act" does not provide coverage to a person that acquires rights to receive, or to a payee or beneficiary that transfers its rights in, a structured settlement factoring transaction, as defined in federal law, regardless of when the transaction occurred. APPROVED by Governor May 15, 2023 EFFECTIVE May 15, 2023 (Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the President of the Senate
Signed by the Speaker of the House
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed - No Amendments
Senate Committee on Health & Human Services Refer Unamended to Senate Committee of the Whole
Introduced In Senate - Assigned to Health & Human Services
House Third Reading Passed - No Amendments
House Third Reading Laid Over Daily - No Amendments
House Second Reading Special Order - Passed with Amendments - Committee, Floor
House Committee on Public & Behavioral Health & Human Services Refer Amended to House Committee of the Whole
Introduced In House - Assigned to Public & Behavioral Health & Human Services
| Bill Text Versions | Format |
|---|---|
| Signed Act (05/15/2023) | |
| Final Act (05/12/2023) | |
| Rerevised (05/04/2023) | |
| Revised (05/03/2023) | |
| Reengrossed (04/29/2023) | |
| Engrossed (04/26/2023) | |
| Introduced (04/20/2023) | |
| PA1 (04/25/2023) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note FN1 (04/24/2023) | |
| Fiscal Note FN2 (07/05/2023) |
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