TO AMEND THE LAW CONCERNING DISCLOSURES TO POLICYHOLDERS; AND TO REQUIRE MONTHLY REPORTING BY INSURERS.

House Bill 1771, as amended, aims to revise the laws governing disclosures that insurance companies must provide to their policyholders and to require monthly reporting from insurers. The amendment specifically adjusts numerical thresholds within the bill and modifies language pertaining to the reporting of "total medical claims on a paid basis." This legislation directly affects insurance companies, requiring them to adhere to new reporting standards, and policyholders, who would receive updated information regarding their policies.