SB337:

Accident and sickness insurance; minimum standards.

Bill Summary:

Accident and sickness insurance; minimum standards.
Authorizes the State Corporation Commission to issue rules and
regulations related to accident and sickness insurance minimum standards
and excepted benefits and provides that the purpose of such rules
and regulations is to establish (i) the minimum standards for filing
of policy forms for individual and small group health benefit plans,
(ii) the minimum standards, terms, and coverages for individual and
group accident and sickness policies known as excepted benefits,
and (iii) the minimum standards for short-term limited-duration insurance.
The bill directs the Commission to ensure that such standards are
simple and understandable and are not misleading or unreasonably
confusing, and that the sale of such policies provides for full disclosure.