Makes certain changes to calculation of minimum loss ratio requirements for health benefits plans in individual and small employer markets.
What changed between versions
The bill was reassigned from the Assembly Health Committee to the Assembly Financial Institutions and Insurance Committee, shifting its primary jurisdictional focus from health policy to insurance regulation.
Assemblywomen Sumter and Bagolie were added as co-sponsors, expanding the bill's legislative support base.
In subsection (e), the specific reference to a pending companion bill ('P.L. , c. (C. ) (pending before the Legislature as this bill)') was removed from the provision excluding new or increased state and federal taxes from premium calculations for minimum loss ratio purposes. The provision now reads 'enactment of shall be excluded,' removing the tie to a specific legislative act.
Structural edits to the list of requirements: an 'and' was added at the end of subsection (a), and bracketed punctuation changes were made in subsections (b) and (e), suggesting reorganization of how the enumerated requirements connect to each other.
