Legislative Session number- 83

Bill Name: HF2258

hf2258CHAPTER 285: Effective date variousTHIRD ENGROSSMENTHealth organization
risk-based capital requirements established, +minimum standard of valuation for
health insurance provided, model +regulations enacted, and loss revenue
certifications regulated.ARTICLE 1�RISK-BASED CAPITAL FOR HEALTH
ORGANIZATIONSSection 1: Related terms defined.Sec. 2: RBC reporting
regulations provided.Sec. 3: Company action level event regulations
established.Sec. 4: Regulatory action level event regulations established.Sec.
5: Authorized control level event regulations established.Sec. 6: Manditory
control level event regulations established.Sec. 7: Hearing regulations
established.Sec. 8: Access to and use of RBC information regulations
established.Sec. 9: Supplemental provisions provided.Sec. 10: Foreign health
organization RBC report submission required.Sec. 11: Immunity provided.Sec. 12:
Notification required.ARTICLE 2�MINIMUM STANDARD OF VALUATION FOR HEALTH
INSURANCESection 1: Purpose and scope provided.Sec. 2: Glossary of technical
terms used provided.Sec. 3: Categories of reserves provided.Sec. 4: Claim
reserves required.Sec. 5: Premium reserves required.Sec. 6: Contract reserves
required.Sec. 7: Minimum standards for contract reserves provided.Sec. 8:
Reinsurance determination procedures established.Sec. 9: Specific standards for
morbidity, interest, and mortality +provided.ARTICLE 3�MISCELLANEOUSSection 1:
Loss reserve certification regulations modified.Sec. 2: Risk-based capital
requirement instituted.Sec. 3: Application review technical reference
added.Sec. 4: Required deposit regulations modified.Sec. 5: Definition of
guaranteeing organization modified.Sec. 6: Initial net worth requirement
modified.Sec. 7: Technical change.Sec. 8: Technical change.Sec. 9:
Guaranteeing organization use requirements modified.Sec. 10: Revisor
instruction.Sec. 11: Repealer.ARTICLE 4�SECURITIES REGULATION TECHNICAL
CHANGESSections 1-3: Technical changes. Sec. 4: Effective date.AE