Enrolled House Bill (H)

Authored by

DIGEST

Insurance matters. Requires gaming facilities to pay to the state a special worker's compensation fee and removes a requirement for gaming facilities to reimburse the state for certain worker's compensation expenses. Amends the application of the annual audited financial report law to domestic insurers. Specifies that an insurer is not prevented from making available a named driver exclusion in a commercial motor vehicle policy. Provides for suspension of a nonresident insurance producer license and a nonresident public adjuster license if the home state license is not effective in good standing. Specifies certain requirements for a domestic insurer that is part Insurance matters. Requires gaming facilities to pay to the state a special worker's compensation fee and removes a requirement for gaming facilities to reimburse the state for certain worker's compensation expenses. Amends the application of the annual audited financial report law to domestic insurers. Specifies that an insurer is not prevented from making available a named driver exclusion in a commercial motor vehicle policy. Provides for suspension of a nonresident insurance producer license and a nonresident public adjuster license if the home state license is not effective in good standing. Specifies certain requirements for a domestic insurer that is part of an insurance holding company system, including requirements related to financial disclosures and activities. Defines and specifies requirements for supervision of an internationally active insurance group, including determination of a supervising regulatory official. Specifies penalties for violations of the insurance holding company system law. Requires certain information to be provided to and submitted to a data base by a closing agent within a certain period following a real estate or mortgage transaction. Amends the definition of "good funds" for purposes of the law concerning escrow disbursements by closing agents in real estate transactions. Defines "small employer" for purposes of health insurance plans that are not grandfathered under federal law. Requires health coverage independent review organizations to provide notice of an expedited determination within 72 hours after the grievance or review is filed, rather than 24 hours after the determination is made. Provides for the property and casualty insurance guaranty association to obtain reimbursement for certain payments in connection with large deductible worker's compensation policies. Allows the commissioner, in insurer supervision proceedings, to pursue insurance proceeds for certain acts or omissions of officers and directors of the supervised insurer. Urges the legislative council to assign to an interim study committee a subject concerning bond related to public private agreements. Makes conforming amendments. ... View more