Print Friendly SENATE BILL NO. 1470 – Managed care plan, guaranty assn
SENATE BILL NO. 1470
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S1470.......................................by COMMERCE AND HUMAN RESOURCES
MANAGED CARE PLAN - Amends existing law to require that each organization
offering a managed care plan for which a certificate of authority is
required become a member of a guaranty association by the year 2002.
02/18 Senate intro - 1st rdg - to printing
02/21 Rpt prt - to Com/HuRes
03/03 Rpt out - to 14th Ord
03/07 Ret'd to Comm/HuRes
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-fifth Legislature Second Regular Session - 2000
IN THE SENATE
SENATE BILL NO. 1470
BY COMMERCE AND HUMAN RESOURCES COMMITTEE
1 AN ACT
2 RELATING TO THE MANAGED CARE REFORM ACT; AMENDING SECTION 41-3931, IDAHO CODE,
3 TO REQUIRE THAT EACH ORGANIZATION OFFERING A MANAGED CARE PLAN FOR WHICH A
4 CERTIFICATE OF AUTHORITY IS REQUIRED BECOME A MEMBER OF A GUARANTY ASSOCI-
5 ATION BY THE YEAR 2002.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. That Section 41-3931, Idaho Code, be, and the same is hereby
8 amended to read as follows:
9 41-3931. PARTICIPATION IN GUARANTY ASSOCIATION BY THE YEAR 200 02. (1) By
10 the conclusion of the year 200 02, each organization offering a managed care
11 plan for which a certificate of authority is required under this chapter
12 shall, as a condition of its authority to continue to offer managed care plans
13 in this state, become a member of a guaranty association having as its purpose
14 the protection of all members of the managed care organization in this state
15 against failure by the organization in the performance of its obligations due
16 to impairment or insolvency.
17 (2) The director may take such actions and promulgate such rules as may
18 be necessary to effectuate the provisions of this section.
STATEMENT OF PURPOSE
This legislation amends existing law to require that all managed care
organizations must belong to a guarantee association by December 31, 2002. The
National Association of Insurance Commissioners (NAIC) is currently developing
model legislation to address this issue, which the NACI expects to release
sometime in 2000. This legislation delays Idaho's implementation date by two
years to allow time for the NAIC to develop its model legislation.
Idaho Association of Health Plans
STATEMENT OF PURPOSE/FISCAL NOTE S 1470