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SF 3047

1st Engrossment - 89th Legislature (2015 - 2016) Posted on 09/27/2016 04:06pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - 1st Engrossment

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A bill for an act
relating to health care; permitting health carriers to not renew certain conversion
individual health plans; requiring notice to affected policyholders; amending
Minnesota Statutes 2014, section 62A.17, subdivision 6.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2014, section 62A.17, subdivision 6, is amended to read:


Subd. 6.

Conversion to individual policy.

new text begin (a) new text end An individual policy or contract
issued as a conversion policy prior to January 1, 2014, shall be renewable at the option
of the individual as long as the individual is not covered under another qualified plan
as defined in section 62E.02, subdivision 4. Any revisions in the table of rate for the
individual policy shall apply to the covered person's original age at entry and shall apply
equally to all similar conversion policies issued by the insurer.

new text begin (b) Notwithstanding paragraph (a), an issuer with five or fewer covered individuals
that are not part of the single risk pool, as defined in section 62A.65, subdivision 3b,
may nonrenew those conversion policies in accordance with this paragraph. An issuer
nonrenewing coverage under this paragraph must notify the commissioner 180 days before
the effective date of the nonrenewal, and must provide the commissioner with a complete
list of affected policyholders and a copy of the proposed policyholder notice described in
this paragraph. The issuer must provide written notice to each policyholder covered under
the conversion policy at least 120 days before the effective date of the nonrenewal. This
notice must include information on how to obtain individual or family health coverage and
contact information for the state agencies regulating health insurance.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment
and applies to policies to be renewed on or after that date.
new text end