BILL · 2007–08 SESSION

HB 1203: Health service contractors

Limiting maximum capital and reserves accumulations by health care service contractors and health maintenance organizations.

Summary

  • Limits the amount of capital and reserves that a health carrier can maintain to two months' claims expense.
  • Requires excess capital and reserves to be distributed to policyholders.

From the House Bill Analysis 2007 (HB 1203), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 15, 2007
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Maralyn Chase (D-32)
Introduced
January 15, 2007 in the House
Last action
January 14, 2008
Budget
Has a fiscal note

AN ACT Relating to maximum capital and reserves accumulations by health care service contractors and health maintenance organizations;

Sponsors

Prime sponsor: Maralyn Chase (D-32)

5 co-sponsors (5 Democrats, 0 Republicans)

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Insurance, Financial Service & Consumer Protection.

HB 1203 in other sessions

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

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