Creates provisions relating to health care benefits provided by certain organizations

HB 366 allows certain organizations, such as farm bureaus or large membership groups meeting specific criteria (e.g., 100,000+ members, $500 million in assets), to offer health care contracts that are not classified as insurance under state law. These contracts must follow similar processing rules as insurance plans for claims and benefits but include a mandatory disclaimer stating they are not insurance and are not covered by state insurance guaranty associations. The bill directly affects members of qualifying organizations, who would receive these contracts instead of traditional insurance policies. It does not change health care coverage for the general public but creates a distinct regulatory pathway for these specific membership-based health arrangements.