BILL · 2019–20 SESSION

SB 6451: Nonprofit health carriers

Concerning funding for individuals who are not eligible for federal insurance subsidies and for foundational public health services.

Summary

  • Requires nonprofit health carriers to submit the amount of the carrier's surplus to the insurance commissioner (Commissioner) by July 1, 2021, and annually thereafter.
  • Requires the Commissioner to determine if a nonprofit carrier's surplus exceeds 400 percent risk based capital (RBC).
  • Requires nonprofit carriers to pay 3 percent of any surplus above 400 percent RBC into a fund to be used for certain individual market subsidies and foundational public health services.

From the Senate Bill Report (Orig.) (SB 6451), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 17, 2020
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Senator (D-46)
Introduced
January 17, 2020 in the Senate
Last action
January 17, 2020
Companion bill
HB 2679
Budget
Has a fiscal note

AN ACT Relating to funding for individuals who are not eligible for federal insurance subsidies and for foundational public health services;

Sponsors

Votes

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

History

  1. First reading, referred to Ways & Means.

SB 6451 in other sessions

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

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