Plain English Breakdown
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SF0154 • 2007
Small employer carrier reinsurance amendments.
AN ACT relating to small employer carrier reinsurance; providing that all authorized insurers pay into the program; removing the cap on what the program will reinsure; providing for alternative reinsurance mechanisms; and providing for an effective date. B
Labor
Did Not Pass
The latest official action shows that this bill did not move forward in that session.
Amendments
These notes stay tied to the official amendment files and metadata from the legislature.
SF0154SS001
Standing Committee • CASE
Adopted
Plain English: Adopted Standing Committee by CASE
- This amendment summary is using official source text because generated interpretation was skipped for this run.
- The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
Bill History
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2007-02-14
House
H Placed on General File; Did Not Consider in CoW
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2007-02-14
House
H09 Recommended Do Pass
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2007-02-07
House
H Introduced and Referred to H09
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2007-02-06
House
H Received for Introduction
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2007-02-05
Senate
S Passed 3rd Reading
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2007-02-02
Senate
S Passed 2nd Reading
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2007-02-01
Senate
S Passed CoW
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2007-02-01
Senate
Amendment Adopted
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2007-02-01
Senate
S Amendments Adopted
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2007-01-30
Senate
S Placed on General File
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2007-01-30
Senate
S07 Recommended Amend and Do Pass
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2007-01-22
Senate
S Introduced and Referred to S07
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2007-01-22
Senate
S Received for Introduction
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2007-01-19
LSO
Bill Number Assigned
Current Bill Text
Read the full stored bill text
WORKING DRAFT 2007 STATE OF WYOMING 07LSO-0596.E1 SENATE FILE NO. SF0154 Small employer carrier reinsurance amendments. Sponsored by: Senator(s) Scott and Case A BILL for AN ACT relating to small employer carrier reinsurance; providing that all authorized insurers pay into the program; removing the cap on what the program will reinsure; providing for alternative reinsurance mechanisms; and providing for an effective date. Be It Enacted by the Legislature of the State of Wyoming : Section 1. W.S. 26 ‑ 19 ‑ 307(g)(v), (h) (iv), (vii) and by creating a new paragraph (xi) is amended to read: 26 ‑ 19 ‑ 307. Small employer carrier reinsurance program. (g) The plan of operation shall: (v) Establish procedures for collecting assessments from participating carriers authorized insurers to provide for claims reinsured by the program and for administrative expenses incurred or estimated to be incurred during the period for which the assessment is made; (h) The program shall have the general powers and authority granted under the laws of this state to insurance companies and health maintenance organizations licensed to transact business, except the power to issue health benefit plans directly to either groups or individuals. The program shall also have the specific authority to: (iv) Define the array of health coverage products for which reinsurance will be provided, define the limits of reinsurance provided and to issue reinsurance policies, in accordance with the requirements of this act; (vii) Assess participating carriers authorized insurers in accordance with the provisions of subsection (g) of this section, and to make advance interim assessments as may be reasonable and necessary for organizational and interim operating expenses. Any interim assessments shall be credited as offsets against any regular assessments due following the close of the fiscal year; (xi) Implement alternative reinsurance mechanisms subject to the commissioner's approval and available funding. Section 2. W.S. 26 ‑ 19 ‑ 307(j)(i) is repealed. Section 3 . This act is effective July 1, 200 7 . (END) 1 SF0154