The House Committee on Banking and Insurance met this afternoon.
House Bill 4869 establishes a clearly defined guaranteed issue right for Medicare Supplement (Medigap) policies regardless of health status.
House Bill 5462 clarifies that if a policyholder has other insurance, the mine subsidence insurance program is only liable for up to the statutory limit of reinsurance for the portion not covered by other sources.
House Bill 5463 reduces mandatory liability minimums from $1.25 million to $1 million and eliminates the $5 million excess coverage requirement for county boards of education.
House Bill 5515 revises outdated code relating to the administration of workers’ compensation claims. It was last updated prior to 2005. The bill also repeals obsolete code.
House Bill 5521 creates application, licensure, and examination requirements for public adjusters. The bill also establishes standards of conduct that govern public adjusters.
