State Legislative/Regulatory News

Self-Insurance Institute of America, Inc.

Exclusive Reporting for the Week of March 5, 2014

March 5, 2014 — This is your weekly update of state legislative/regulatory developments affecting companies involved in the self-insurance/alternative risk transfer marketplace. Should you have any questions on information provided in these reports and/or would like to alert SIIA to new state legislative/regulatory activity (health care, workers’ compensation and/or captive insurance matters) we may have missed, please contact Adam Brackemyre, Director of State Government Relations directly at 202/463-8161, or via e-mail at abrackemyre@siia.org.

Oregon – Stop-Loss Legislation
This week, the full Senate passed HB 4050 as reported from the Senate Health Committee. As you recall last week, the Senate Health Committee adopted an amendment repealing state’s prohibition on small employers purchasing stop-loss coverage.

After the Senate passed the bill, it went back to the House, and was unanimously passed there, too. Now the bill will be sent to the governor’s office.

If signed by the governor, only two states, Delaware and New York, would have laws prohibiting employers of certain sizes from purchasing stop-loss insurance.

NAIC Stop-Loss White Paper
The NAIC is making progress on its stop-loss white paper. The timing of the paper’s release is to-be-determined. If everything proceeds quickly, the NAIC may have a first draft ready for its Spring meeting at the end of March.

When the draft is ultimately released, SIIA will share it with membership and submit comments. Individual SIIA members will want to submit comments on their organization’s or their own behalf.

SIIA’s Legislative/Regulatory Conference
If you have not already done so, make plans to attend SIIA Legislative/Regulatory Conference scheduled for April 23-24, 2014 in Washington, DC. Conference details, including registration forms, can be accessed on-line at www.siia.org, or by calling 800/851-7789.