Bill Summary for S 323 (2011-2012)
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Summary date:
Apr 19 2011
S.L. 2011-85
Bill Information:
| View NCGA Bill Details | 2011-2012 Session |
TO MAKE CHANGES IN THE INSURANCE LAWS TO PRIVATIZE ONLINE AND ADMINISTRATIVE PROCESSES FOR LICENSE APPLICANTS, ENSURE ACCURACY IN CERTIFICATES OF INSURANCE, REQUIRE PRIOR APPROVAL OF SMALL GROUP HEALTH INSURANCE RATES AND ENCOURAGE THE SALE OF CHILD-ONLY HEALTH INSURANCE POLICIES, AMEND THE RISK-BASED CAPITAL LAW TO MAINTAIN NAIC ACCREDITATION, PROVIDE AN EXEMPTION FOR LICENSING OF CLAIMS INPUT EMPLOYEES FOR PORTABLE ELECTRONIC DEVICES, PROHIBIT FEDERAL PREEMPTION OF CROP ADJUSTERS' REGULATION, AND EASE THE REGULATORY BURDEN ON THE ASSOCIATION AGGREGATE SECURITY SYSTEM.Intro. by Apodaca.
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Bill summary
House committee substitute makes the following changes to 2d edition. Replaces previous bill with provisions identical to S 265, introduced March 9, 2011, and ratified on April 5, 2011 with following changes: Directs State Treasurer to strive to maintain low premiums by finding operational savings in the plan and directs Treasurer to implement a program for long-term care benefits and establish separate premium rates for the benefits.