BILL · 1997–98 SESSION

SB 5849: Health insurer's insolvency

Providing for payment of health care providers in the event of a health insurer's insolvency.

Summary

  • Health care service contractors and health maintenance organizations must have a funded reserve equal to one month's premiums as reported on the most recent financial statement filed with the commissioner's office. The reserve must be deposited with the Insurance Commissioner's office, or with an organization acceptable to the commissioner.

From the Senate Bill Report (SB 5849), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 17, 1997
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Don Benton (R-17)
Introduced
February 17, 1997 in the Senate
Last action
January 12, 1998
Companion bill
HB 1979

Sponsors

Prime sponsor: Don Benton (R-17)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5849 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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