HB1322 (2018) Detail

Relative to risk-based capital for health maintenance organizations.


CHAPTER 177

HB 1322 - FINAL VERSION

 

26Apr2018... 1812-EBA

2018 SESSION

18-2500

01/03

 

HOUSE BILL 1322

 

AN ACT relative to risk-based capital for health maintenance organizations.

 

SPONSORS: Rep. Butler, Carr. 7; Sen. Lasky, Dist 13

 

COMMITTEE: Commerce and Consumer Affairs

 

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ANALYSIS

 

This bill clarifies the formula for calculating risk-based capital for health maintenance organizations.

 

This bill is a request of the insurance department.

 

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

26Apr2018... 1812-EBA 18-2500

01/03

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Eighteen

 

AN ACT relative to risk-based capital for health maintenance organizations.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

177:1  Risk-Based Capital for Insurers; Health Maintenance Organizations.  Amend RSA 404-F:1, VI to read as follows:

VI.  "Life and/or health insurer'' means any insurance company licensed under title XXXVII writing life, accident and health insurance[, health maintenance organizations, limited health service organizations, dental or vision plans, health service corporations,] or a licensed property and casualty insurer writing only accident and health insurance.

177:2  New Paragraph; Risk-Based Capital for Insurers; Reports.  Amend RSA 404-F:2 by inserting after paragraph III the following new paragraph:

III-a.  A health organization’s RBC shall be determined in accordance with the formula set forth in the RBC instructions.  The formula shall take into account, and may adjust for the covariance between:

(a)  Asset risk;

(b)  Credit risk;

(c)  Underwriting risk; and

(d)  All other business risks and such other relevant risks as are set forth in the RBC instructions.

177:3  Effective Date.  This act shall take effect 60 days after its passage.

 

Approved: June 08, 2018

Effective Date: August 07, 2018

Links

HB1322 at GenCourtMobile

Action Dates

Date Body Type
Jan. 17, 2018 House Hearing
Jan. 18, 2018 House Exec Session
House Floor Vote
Feb. 7, 2018 House Floor Vote
March 13, 2018 Senate Hearing
March 20, 2018 Senate Hearing
April 19, 2018 Senate Floor Vote

Bill Text Revisions

HB1322 Revision: 4111 Date: June 12, 2018, 10:12 a.m.
HB1322 Revision: 3484 Date: May 1, 2018, 3:33 p.m.
HB1322 Revision: 2137 Date: Nov. 7, 2017, 9:19 a.m.

Docket

Date Status
Jan. 3, 2018 Introduced 01/03/2018 and referred to Commerce and Consumer Affairs HJ 1 P. 7
Jan. 17, 2018 Public Hearing: 01/17/2018 03:00 PM LOB 302
Jan. 31, 2018 ==CANCELLED== Subcommittee Work Session: 01/31/2018 09:00 AM LOB 302
Jan. 18, 2018 Executive Session: 01/18/2018 LOB 302
Feb. 7, 2018 Committee Report: Ought to Pass for 02/07/2018 (Vote 16-0; CC) HC 5 P. 5
Committee Report: Ought to Pass (Vote 16-0; CC)
Feb. 8, 2018 Ought to Pass: MA VV 02/08/2018 HJ 3 P. 2
Feb. 15, 2018 Introduced 02/15/2018 and Referred to Commerce; SJ 5
March 13, 2018 ==CANCELLED== Hearing: 03/13/2018, Room 100, SH, 01:15 pm; SC 11
March 20, 2018 Hearing: 03/20/2018, Room 100, SH, 01:30 pm; SC 13
April 19, 2018 Committee Report: Ought to Pass, 04/19/2018; SC 17
April 19, 2018 Ought to Pass: MA, VV; OT3rdg; 04/19/2018; SJ 13
April 26, 2018 Enrolled Bill Amendment # 2018-1812e Adopted, VV, (In recess of 04/26/2018); SJ 15
April 26, 2018 Enrolled Bill Amendment # 2018-1812e: AA VV 04/26/2018
May 3, 2018 Enrolled (In recess 05/03/2018); SJ 17
May 3, 2018 Enrolled 05/03/2018
June 8, 2018 Signed by Governor Sununu 06/08/2018; Chapter 177; Eff. 8/7/2018