Connecticut Seal

General Assembly

Amendment

 

January Session, 2011

LCO No. 8175

   
 

*SB0001108175SDO*

Offered by:

 

SEN. CRISCO, 17th Dist.

 

To: Subst. Senate Bill No. 11

File No. 203

Cal. No. 157

Change the effective date of sections 1 to 7, inclusive, to "Effective January 1, 2012"

In line 26, after "[The" insert "] Except as specified in subdivision (2) of this subsection, the"

In line 27, after "standards" insert ". ["

In line 163, after "act." insert "Except as specified in subdivision (2) of this section, the commissioner may disapprove such rate within thirty days after it has been filed if it fails to comply with such standards."

In line 280, strike "defined" and insert "described" in lieu thereof

Strike lines 328 to 335, inclusive, and insert the following in lieu thereof:

"(d) (1) (A) With respect to a health insurance policy, agreement or contract that provides coverage of the type specified in subdivisions (1), (2), (4), (11) and (12) of section 38a-469 of the general statutes, if a rate, schedule of amounts or schedule of rates filed pursuant to subdivision (1) of subsection (a) of this section (i) is for more than a ten per cent increase in such rate or amount, and (ii) the Healthcare Advocate or the Attorney General requests, not later than five business days after such rate or amount filing has been posted on the Internet web site of the Insurance Department, a hearing on such rate or amount filing, the commissioner shall, not later than five business days after the receipt of such request, set a hearing date and post the date, place and time of the hearing in a conspicuous place on the Internet web site of said department.

(B) With respect to a health insurance policy, agreement or contract that provides coverage of the type specified in subdivision (7) of section 38a-469 of the general statutes, if the Healthcare Advocate or the Attorney General requests, not later than five business days after a rate, schedule of amounts or schedule of rates filed pursuant to subdivision (1) of subsection (a) of this section has been posted on the Internet web site of the Insurance Department, a hearing on such rate or amount filing, the commissioner shall, not later than five business days after the receipt of such request, set a hearing date and post the date, place and time of the hearing in a conspicuous place on the Internet web site of said department. The commissioner shall not be required to hold more than five hearings under this subparagraph in a calendar year. "

In line 361, after "subsection" insert "or the effective date proposed under subdivision (1) of subsection (a) of this section, whichever is later"

After line 377, insert the following:

"(h) The Insurance Department shall retain all records of any rate or amount filing made pursuant to this section for not less than seven years after such filing was approved, disapproved or modified. "

Delete section 8 in its entirety and substitute the following in lieu thereof:

"Sec. 8. (NEW) (Effective January 1, 2012) Not later than January thirty-first, annually, the Insurance Department shall submit a report to the joint standing committee of the General Assembly having cognizance of matters relating to insurance that lists all rates filed pursuant to section 38a-481 or 38a-513 of the general statutes, as amended by this act, schedule of amounts filed pursuant to section 38a-183 of the general statutes, as amended by this act, and schedule of rates filed pursuant to section 38a-208 or 38a-218 of the general statutes, as amended by this act, for health insurance policies, agreements or contracts that provide coverage of the type specified in subdivisions (1), (2), (4), (7), (11) and (12) of section 38a-469 of the general statutes, in the calendar year immediately preceding. Such report shall include the name of the filer, the per cent increase or decrease of such rate of amount filing, the per cent increase or decrease approved by the Insurance Department, the market segment and the product type. "