Nonprofit health insurance carriers in the state shall be committed to a nonprofit corporate structure, and provide affordable and accessible health insurance. By July 2021, non-profit health insurance carriers will have to submit a report with the amount their financial surplus, to be determined by this commissioner if this is excessive. Excesses shall be placed in the Nonprofit Health Carrier Community Benefit Fund, created by this bill.
First reading, referred to Ways & Means on 1.17.2020. Public hearing in the Senate Committee on Ways & Means on 1.30.2020 (updated 3.13.2020)