STATEMENT TO

[First Reprint]

SENATE, No. 2875

with Senate Floor Amendments

(Proposed by Senator POU)

ADOPTED: MAY 20, 2024

      These floor amendments remove certain provisions from the bill and stipulate that the Department of Banking and Insurance is to issue regulations for both the individual and small employer markets to meet the federal rules on the aggregation of data in calculating a health insurance carrier’s minimum loss ratio.