SF 343

2nd Engrossment - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to insurance; requiring health plan companies 
  1.3             to file reports with respect to certain costs; 
  1.4             amending Minnesota Statutes 2002, section 62Q.64. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 2002, section 62Q.64, is 
  1.7   amended to read: 
  1.8      62Q.64 [DISCLOSURE OF EXECUTIVE COMPENSATION.] 
  1.9      (a) Each health plan company doing business in this state 
  1.10  shall annually file with the consumer advisory board created in 
  1.11  section 62J.75 commissioner of commerce or the commissioner of 
  1.12  health: 
  1.13     (1) a copy of the health plan company's form 990 filed with 
  1.14  the federal Internal Revenue Service; or 
  1.15     (2) if the health plan company did not file a form 990 with 
  1.16  the federal Internal Revenue Service, a list of the amount and 
  1.17  recipients of the health plan company's five highest salaries, 
  1.18  including all types of compensation, in excess of $50,000. 
  1.19     (b) Each health plan company and its affiliates doing 
  1.20  business in this state shall file with the commissioner of 
  1.21  commerce or the commissioner of health, and the attorney 
  1.22  general, no later than April 1 of each year, a report that 
  1.23  complies with this paragraph, covering the immediately preceding 
  1.24  calendar year.  The report required by this paragraph must 
  1.25  include, for all directors and each of the 20 current or former 
  2.1   employees who received the most total compensation from the 
  2.2   health plan company and its affiliates, the following 
  2.3   information: 
  2.4      (1) the person's name and job title; 
  2.5      (2) the person's total compensation received from the 
  2.6   health plan company and its affiliates, regardless of whether 
  2.7   the person is currently entitled to such compensation, including 
  2.8   all forms of salary, fringe benefits, payments in the form of 
  2.9   deferred or other future compensation, bonuses, severance 
  2.10  payments, and full amounts paid for vehicles or vehicle 
  2.11  allowances, and any life insurance premium payments; and 
  2.12     (3) a list of the person's travel paid for or reimbursed by 
  2.13  the health plan company and its affiliates, including for each 
  2.14  trip the date or dates, destination, and total amount paid for 
  2.15  or reimbursed by the health plan company and its affiliates.  
  2.16  The list of travel may exclude travel to or within Minnesota, 
  2.17  Wisconsin, Iowa, North Dakota, or South Dakota.  
  2.18     This paragraph does not require disclosure of information 
  2.19  with respect to any current or former employee whose total 
  2.20  compensation from the health plan company and its affiliates was 
  2.21  less than $100,000 for the calendar year being reported.  This 
  2.22  paragraph does not apply to a health plan company that, along 
  2.23  with its affiliates, is assessed less than three percent of the 
  2.24  total amount assessed by the Minnesota comprehensive health 
  2.25  association.  The attorney general has, for purposes of 
  2.26  enforcing this paragraph, the enforcement powers otherwise 
  2.27  available to the attorney general.  The commissioner of commerce 
  2.28  has, for purposes of enforcing this paragraph, the enforcement 
  2.29  powers otherwise available to that commissioner.  The 
  2.30  commissioner of health has, for purposes of enforcing this 
  2.31  paragraph, the enforcement powers otherwise available to that 
  2.32  commissioner.  
  2.33     (b) A filing (c) All filings under this section is are 
  2.34  public data under section 13.03. 
  2.35     Sec. 2.  [EFFECTIVE DATE.] 
  2.36     Section 1 is effective the day following final enactment.