Wyoming Law on Multi-State Health Insurance Sales
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Plain language
Official record
Bill No.: <billno> Drafter: <drafterinit> Bill No.: HB0128 Drafter: JWL LSO No.: 10LSO-0345 Effective Date: 7/1/2010 Enrolled Act No.: HEA0061 Chapter No.: Prime Sponsor: Representative Simpson Catch Title: Health insurance-interstate purchase. Subject: Authorizes interstate sale of health insurance Summary/Major Elements: This act: o Directs the Insurance Commissioner to enter into a consortium with at least five other states for the reciprocal interstate sale of health insurance policies; o Requires that one of the consortium states be designated as the primary state for purposes of regulation under that state's laws and regulations; o Provides that a consortium state insurer is exempt from a secondary state's laws and regulations, except for premium taxes and assessments, registration requirements, unfair claims practices and judicial process; o Identifies matters to be considered by the commissioner in establishing rules of reciprocity, the types of policies eligible to be sold and the effect of interstate sales on regulation of domestic insurers. Comments: Effective date of this act is July 1, 2010, but no policies shall be issued in this state under the act before July 1, 2011.
Public statements
Last checked Aug 8, 6:25 AM
Why they voted this way
The speaker supports the bill because it initiates a study by the insurance commissioner to explore creating a consortium of states with similar regulations, aiming for uniform rules and lower administrative costs while increasing competition.
Why they voted this way
The lawmaker argues that health care is a complex issue best addressed through federal action rather than this bill, and therefore urges members to support the amendment for further study while defeating the bill itself.
Why they voted this way
The lawmaker supports the bill because it allows states to take control of health insurance issues and potentially lead federal policy efforts.
Why they voted this way
The lawmaker supports sending the bill to committee because allowing interstate health insurance purchases could increase affordability and availability, which aligns with free market principles.
Why they voted this way
The lawmaker raises concerns that out-of-state policies may include liability limitations due to differing state malpractice rules, which buyers might not fully understand.
Wyoming roll calls
6 roll calls
Official activity
Changes
6 stored
Adopted 2nd reading by ILLOWAY
Adopted 3rd reading by SIMPSON
Adopted Standing Committee by H07
Adopted 2nd reading by SCOTT
Adopted 3rd reading by SCOTT
Adopted Standing Committee by SCOTT