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Senate Bill 0386


Senate Bill 0386

ARCHIVE (2001)

Latest Information

 

DIGEST OF SB386 (Updated April 12, 2001 11:12 AM - DI 84)


Various insurance matters. Authorizes the insurance commissioner to adopt rules providing for the accrual and quarterly billing of insurance filing fees. Adds a chapter to the Indiana insurance law concerning licensing of insurance producers. Adds a chapter to the Indiana insurance law concerning privacy of nonpublic personal financial information. Specifies that the premium charged for the issuance of a title insurance policy in Indiana in a real estate transaction in which title insurance is issued in at least 1 other state where title insurance premiums are computed based on filed rates may not be less than the average of the title insurance rates charged for title insurance in the other states where rates are filed. Provides that a violation is an unfair method of competition and unfair and deceptive act and practice in the business of insurance. Provides for the Office of Medicaid Policy and Planning to apply for a demonstration waiver to provide coverage to individuals with severe, chronic disease. Requires the health finance advisory committee to review issues related to the Indiana comprehensive health insurance association (ICHIA) and report to the health finance commission. Repeals the law concerning ICHIA effective January 1, 2004. Makes conforming amendments.
    Current Status:
     Returned to House of origin with Amendments
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