Bill Summary for H 114 (2019-2020)

Summary date: 

Feb 27 2019

Bill Information:

View NCGA Bill Details2019-2020 Session
House Bill 114 (Public) Filed Tuesday, February 19, 2019
AN ACT TO SUBJECT PREPAID HEALTH PLANS LICENSED BY THE DEPARTMENT OF INSURANCE TO THE GROSS PREMIUM TAX.
Intro. by Lambeth, Dobson, Howard.

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Bill summary

House committee substitute to the 1st edition makes the following changes. Makes technical changes to GS 105-228.3.

Amends GS 105-228.59(d) to provide that the tax rate applied to gross premiums from capitation payments received by prepaid health plans (was, applied to gross premiums) is 1.9%.

Amends GS 58-6-25 (concerning the insurance regulatory charge) by amending the definition of insurance company as it is used in the statute to include prepaid health plans that pay the gross premiums tax.

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