Banking & Insurance 2011-2012
The Senate Banking and Insurance Committee met October 15, 2012 and reported the following bill:
House Bill 272 (Hess): Creates a freestanding act, the Lyme and Related Tick-Borne Disease Surveillance, Education, Prevention and Treatment Act.
The Senate Banking & Insurance Committee met October 2, 2012 and reported out the following bills.
House Bill 2369 (Payne): Amends the Department of Banking Code providing for greater public disclosure and enforcement by the Department of Banking and clarifies that the department has examination authority over bank subsidiaries.
House Bill 2370 (Truitt): Amends the Loan Interest and Protection Law further providing fro residential mortgage interest rates and for effect on inconsistent acts.
House Bill 2368 (Metzgar): Amends the Banking Code of 1965 upgrading and modernizing antiquated sections, inserting mandatory Dodd-Frank lending limits language, and increases state chartered banks’ ability to invest in branches based on 100% of capital assets.
The Senate Banking & Insurance Committee met September 25, 2012 and reported the following bills out of committee:
Senate Bill 1591(Folmer):Amends the Medical Care Availability and Reduction of Error (MCARE) Act to repeal the requirement that the Insurance Department prepares an annual Medical Malpractice statistical report.
House Bill 2159 (Grell): Amends Title 13 (Commercial Code) in order to update the provisions in the Commercial Code relating to secured transactions.
House Bill 2485 (Grell): Amends Title 13 (Commercial Code) to insert references to the federal Electronic Funds Transfer Act into our Uniform Commercial Code.
The Senate Banking and Insurance committee met Wednesday, June 20, 2012, and reported out the following bills:
HB 532 (Saylor) – This bill requires that every health insurance policy must provide coverage for general anesthesia and associated costs provided to an eligible individual. The bill was unanimously reported
HB 2135 (Quinn) – This bill requires vendors to hold a limited lines insurance producer license to sell, solicit, or negotiate coverage under a policy of portable electronics insurance. The bill was unanimously reported.
SB 1193 (Ward) – This bill provides for the licensure of persons providing debt settlement services. Senator Ward offered Amendment A11669, which adopts the FTC debt settlement rule into Pennsylvania Statute, creates a licensing process for debt settlement providers, and allows for licensure in other states to be presented to the Pennsylvania Department of Banking to meet registration requirements. The amendment was approved and the bill was unanimously reported.
The Senate Banking & Industry Committee met April 2, 2012 and reported out the following legislation:
Senate Bill 1464 (D. White): Enable the Insurance Department to better assess the “enterprise risk” within a holding company system and its impact upon insurers within that group.
Senate Bill 1144 (Ward): Prohibits insurers from setting fees for non-covered dental services.
The Senate Banking & Insurance met March 7, 2012 and reported out the following bills:
SB10 (Scarnati) – Amends the Pennsylvania Constitution stating a person is not required to purchase health insurance under the Patient Protection and Affordable Care Act (PPACA)
HB2134 (Micozzie) – Amends the Risk-Based Capital statute for health organizations and adds a trend test component
SB210 (Greenleaf) – Establishes the Lyme and Related Tick-Borne Disease Education, Prevention and Treatment Act
The Senate Banking and Insurance Committee met December 13, 2011 and reported the following bill out of committee:
Senate Bill 1358 (D. Whtie): Amends Title 40 to provide the Insurance Commissioner with enhanced poweres to continue contracts between health care providers, hospitals, and insurers up to 36 months.
The Senate Banking & Insurance Committee met November 15, 2011 and reported out the following bills:
Senate Bill 201 (Rafferty): Amends the Insurance Company Law of 1921 to provide for access to community pharmacy services.
Senate Bill 1334 (D. White): Amends the Banking Code of 1965 to address the Ownership of Property section.
Senate Bill 1335 (D. White): Amends the Banking Code of 1965 to address the Ownership of Property section.
Senate Bill 1336 (D. White): Amends the Banking Code of 1965 to address the Names Permitted to be Used section.
Senate Bill 939 (Pippy): Adds a section to the Unfair Insurance Practices Act to address competitive disparity among vision benefit plans.
The Senate Banking & Insurance Committee met October 26, 2011 and reported out the following bill:
House Bill 424 (Godshall): Provides for the licensing of public adjusters.
The Senate Banking & Insurance Committee met June 7, 2011 and reported out the following bills:
Senate Bill 896 (Stack): Provides for English as the controlling language regarding insurance materials
Senate Bill 1097 (D.White): Amends Title 72 providing for a tax on contracts with unauthorized companies and deductions.
Senate Bill 388 (Vance): Amends the Dental Law, providing for professional liability insurance.
Senate Bill 1096 (D.White): Amends the Insurance Company Law further providing for surplus lines insurance.
The Senate Banking and Insurance Committee met April, 12, 2011 and reported out the following:
The nomination of Glenn Moyer as Secretary of Banking
Senate Bill 118 (D. White)- provides an alert for the Insurance Department to identify when a company is having financial problems and allows the department to work with the company to prevent a financial insolvency.
The Senate Banking & Insurance Committee met today and reported out the following bill as amended (12-2):
Senate Bill 3 (D.White): Prohibits health insurance policies sold through the health insurance exchange from covering elective abortions.