AN ACT TO MAKE TECHNICAL AND CLARIFYING CHANGES TO THE INSURANCE LAWS, AS RECOMMENDED BY THE DEPARTMENT OF INSURANCE.
House committee substitute to the 1st edition makes the following changes.
Deletes Part I of the act, which made captive insurance changes. Deletes Part VIII of the act which concerned exclusive provider benefit plans. Deletes Part XIII of the act which made changes to certain criminal penalties.
Adds a new Part on Medicare supplement changes. Amends GS 58-54-45 by making the current provisions applicable to a person whose eligibility for medicare occurred before January 1, 2020. Adds that in addition to any rule adopted under this Article that is directly or indirectly related to open enrollment, an insurer must at least make standardized Medicare Supplement Plan A available to persons eligible for Medicare by reason of disability before age 65 and also standardized Plan D or G if marketing either Plan to persons eligible for Medicare on or after January 1, 2020, due to age. Requires an application to be submitted during the six-month period beginning with the first month the person first enrolls in Medicare Part B. Provides that persons eligible for Medicare by reason of disability before age 65 who are enrolled in a managed care plan and whose coverage under the managed care plan is terminated through cancellation, nonrenewal, or disenrollment have the guaranteed right to purchase Medicare Supplement Plans A, D, or G (was, A and C) from any insurer within 63 days after the date of termination or disenrollment. Effective January 1, 2020.
Adds a new Section on credit property insurance reporting requirements. Amends GS 58-57-90 to require each writer of credit property insurance written in the State to submit the specified information to the Department of Insurance for each of the last five calendar years by April 1 of each year (was, the Department must collect the data on credit property insurance written in the State). Requires the Department to publish the information in an aggregate form on its website by July 1 of each year.
Makes additional conforming, organizational, and technical changes.
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