Hawaii State Legislature

Bill Status

SB1405

Generated on 8/13/2007 4:06:36 PM

Measure Title:
RELATING TO INSURANCE.
Report Title:
Managed care plan
Description:
Sets a maximum limit of 30% of annual expenses on the reserves that a managed care plan may hold. Requires refunds of excess reserves be made to subscribers, customers, or enrollees of the managed care plan. Allows the Commissioner to waive the requirement of a refund if enrollees of a managed care plan would be jeopardized, if the managed care plan would need the reserves to increase its enrollment or make capital investments, of if the excess to be refunded is the result of temporary fluctuations in investments. Excludes disability insurance from the excess reserve requirements.
Package:
Governor
Companion:
HB1319
Introducers:
HANABUSA (BR)
Current Referral:
CPH
Date Status Text
1/22/2007SIntroduced.
1/24/2007SPassed First Reading.
1/29/2007SReferred to CPH.

$ = Appropriation measure
ConAm = Constitutional Amendment

Please read our Disclaimer Statement.

Some of the above items require Adobe Acrobat Reader. Please visit Adobe's download page for detailed instructions.