AN ACT TO APPLY DISCLOSURE AND NOTIFICATION REQUIREMENTS RELATED TO INSURER FEE SCHEDULES, CLAIMS SUBMISSION, AND REIMBURSEMENT POLICIES TO STAND ALONE DENTAL INSURANCE. Enacted August 30, 2017. Effective October 1, 2017.
Bill Summaries: H140 (2017-2018 Session)
Tracking:
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Bill H 140 (2017-2018)Summary date: Aug 31 2017 - View summary
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Bill H 140 (2017-2018)Summary date: Aug 22 2017 - View summary
The Governor vetoed the act on 07/27/17. The Governor's objections and veto message are available here: http://www.ncleg.net/Sessions/2017/H140Veto/H140Veto.html.
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Bill H140Summary date: Jun 28 2017 - View summary
Senate amendment #1 makes the following changes to the 2nd edition.
Amends GS 58-57-90, concerning credit property insurance. Modifies the definitions of single interest credit property and dual credit property to refer to personal property of the debtor instead of personal household property of the debtor. Defines personal property coverage to mean household furniture, furnishings, appliances designed for household use, and other personal property of the debtor, exclusive of an automobile, not used by the debtor in a business trade or profession. Makes conforming changes to the statute's title.
Amends GS 58-57-110, directing the Commissioner of Insurance to prescribe a minimum incurred loss ratio standard requirement to develop a premium rate reasonable in relation to the benefits provided by credit unemployment insurance coverage, to require the Commissioner to prescribe the minimum incurred loss ratio beginning September 1, 2018, and every third year thereafter (currently, required to prescribe the ratio each year). Adds that this minimum incurred loss ratio standard is effective on January 1 in the year after it is prescribed and must remain in effect until a new minimum incurred loss ratio standard requirement is prescribed.
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Bill H 140 (2017-2018)Summary date: Mar 28 2017 - View summary
House committee substitute makes the following changes to the 1st edition.
Changes the act's effective date from July 1, 2017, to October 1, 2017.
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Bill H 140 (2017-2018)Summary date: Feb 21 2017 - View summary
Amends GS 58-3-227, which sets out disclosure and notification requirements relating to insurers' health plan fee schedules, to amend the definition of insurer to include an entity that writes stand alone dental insurance (previously, stand alone dental insurers were excluded). Makes conforming changes to include ICD-10-CM billing codes to the definition of schedule of fees.
Effective July 1, 2017.