Banking & Insurance 2013-2014
The Senate Banking
As Amended
House Bill 1436 (Truitt): Expands the types of food-related allergic disorders in children for which health insurance carriers in PA are required to cover the cost of treatment in the form of medically necessary amino acid-based elemental formulas.
The Senate Banking & Insurance Committee met September 24, 2014 and reported the following bill out of committee:
As Committed
House Bill 1837 (Pickett): Amends theFlood Insurance Education and Information Act, further providing for flood insurance education and information
As Amended
Senate Bill 1441 (Alloway): Amends Title 42 in bonds and recognizances, amending provisions relating to professional bondsmen; and providing for authorization to conduct business within each county, for forfeited undertaking and for private cause of action.
The Senate Banking & Insurance Committee met Tuesday, September 16, 2014 and reported the following bills out of committee:
As Committed
House Bill 2353 (Evankovich): Amends the Insurance Department Law of 1921 to establish parity with state and federal law, which will give Federal Home Loan Banks (FHLB) special collateral protections during insurance company insolvencies
House Bill 2340 (Kampf): Amends the Insurance Company Law of 1921 to allow medical malpractice reciprocal insurance exchanges to reorganize and covert into stock insurance companies.
As Amended
Senate Bill 1415 (Eichelberger): Amends the Insurance Department Law of 1921 to establish parity with state and federal law, which will give Federal Home Loan Banks (FHLB) special collateral protections during insurance company insolvencies.
The Senate Banking & Insurance Committee met June 25, 2014 and reported the following bills out of committee:
As Amended
Senate Bill 1286 (Eichelberger): An Act regulating navigators, assisters in the education and promotion of health insurance exchanges.
Senate Bill 1432 (McIlhinney): Amends the Insurance Company Law providing for limits on copayments and coinsurances for insured medical services provided by a physical therapist, chiropractor or occupational therapist.
The Senate Banking & Insurance Committee met June 4, 2014 and reported the following bills out of committee:
As Committed
Senate Bill 1356 (Corman): Amends the Unfair Insurance Practices Act, further providing for definitions.
Senate Bill 1357 (Corman): Amends the Insurance Company Law of 1921, further providing for definitions.
House Bill 1574 (Killion): Amends the Health Maintenance Organization Act of 1980 to ensure applicability to a health maintenance organization which is organized as a limited liability company.
House Bill 1575 (Killion): Amends Title 15 (Corporations and Unincorporated Associations) to allow a health maintenance organization to be organized as a limited liability company.
House Bill 2009 (Schlegal-Culver): Amends Title 17 (Credit Unions), in preliminary provisions, to further provide for definitions and require articles of incorporation and bylaws to be maintained by credit unions.
The Senate Banking and Insurance Committee met April 9, 2014 and reported the following out of committee
As Committed
Senate Bill 1329 (White): Amends the Insurance Company Law of 1921, extensively revising provisions on life and health insurance guaranty associations; and making editorial changes.
Senate Resolution 340 (White): A Resolution urging the Congress of the United States to reauthorize Federally provided terrorism reinsurance for insurers
As Amended
Senate Bill 594 (McIlhinney): An Act limiting copayments and coinsurances for insured medical services
Nomination
James R. Beiry, Banking & Securities Commission
The Senate Banking & Insurance Committee met October 22, 2013 and reported the following bills out of Committee:
As Committed
Senate Bill 1118 (Brubaker): Amends the Check Casher Licensing Act of 1998 to lower the fee for cashing a government check or government assistance check; to require public posting of fees and to allow recovery of losses due to fraudulent representation.
As Amended
Senate Bill 1045 (White): Amends the Pennsylvania Securities Act of 1972
Senate Bill 1130 (Ward): Repeals a requirement that the General Assembly be furnished with a copy of an annual report under the Flood Insurance Education and Information Act of 1996.
The Senate Banking & Insurance Committee met June 26, 2013 and reported the following bills out of Committee:
As Committed
Senate Bill 1040 (Eichelberger): Provides for manner of providing proof of financial responsibility, for required financial responsibility, and for availability of uninsured, bodily/property damage coverage, and mandatory deductibles.
House Bill 1483 (Quinn): Amends the Portable Electronics Insurance Act to require 60-days’ notice of any policy coverage changes to vendor policyholders and enrolled customers.
As Amended
House Bill 1480 (Tobash): Amends Title 75 (Vehicle Code) to repeal the mandatory deductible for collision coverage in auto insurance policies.
House Bill 1481 (Miccozzie): Amends The Insurance Company Law of 1921 to add new Article XXVI, Risk Management and Own Risk Solvency Assessment (ORSA).
The Senate Banking & Insurance Committee met June 11, 2013 and reported the following bills out of Committee:
As Committed
Senate Bill 878 (Rafferty): Amends the Medical Care Availability and Reduction of Error (MCARE) Act to lock in future basic insurance coverage requirements for participating and non-participating health care providers, and hospitals.
House Bill 108 (Miccozie): This bill extends the life of the Children’s Health Insurance Program (CHIP) to December 31, 2015.
As Amended
Senate Bill 401 (Tomlinson): Amends the Insurance Company Law of 1921 to provide for joint payment for emergency service organization.
The Senate Banking & Insurance Committee met June 4, 2013 and reported the following bills out of Committee:
As Committed
Senate Bill 662 (Ward): providing for the licensure of persons providing debt settlement services.
House Bill 1128 (Ross): Codifies and modernizes the Motor Vehicle Sales Finance Act and the Goods and Services Installment Sales Act.
Senate Bill 975 (Browne): Amends Titles 7 (Banks and Banking) and 18 (Crimes and Offenses) to provide for the establishment of a micro loan program.
As Amended
Senate Bill 969 (White): providing for electronic delivery of information and posting of policies and endorsements and for risk management and own risk solvency assessment
House Bill 1124 (Scavello): Amends Title 7 (Banks and Banking) to make PA consistent with recently adopted Housing and Urban Development (HUD) regulations under the federal SAFE Act, by clarifying licensing provisions and requirements
The Senate Banking & Insurance Committee met May 7, 2013 and reported the following bills:
As Committed
House Bill 818 (Oberlander): An Act amending Title 40 (Insurance) of the Pennsylvania Consolidated Statutes, providing for compliance with Federal health care legislation
Senate Bill 914 (White): An Act creating the Insurance Regulation and Oversight Fund; and providing for its use.
The Senate Banking & Insurance Committee met April 10, 2013 and reported the following bill:
As Committed
Senate Bill 3 (White): Amends Title 40 (Insurance) to prohibit health insurers who participate in the taxpayer subsidized state health insurance exchanges from providing coverage for elective abortions.
The Senate Banking and Insurance Committee met Tuesday Feb. 5, 2013 to consider the following Bills:
SB 194, PN 135 ( 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. The Committee reported the bill out as committed on a vote of 14-0.
SB 371, PN 294 ( Brubaker)- Repeals the Savings Association Code of 1967, eliminating provisions for incorporation and organization, for names, for offices, for directors, officers, employees and attorneys, for members, for corporate powers, for savings operations, earnings, account insurance and reserves, for investment operations, for amendment of articles, for mergers, consolidations, conversions and reorganizations, for voluntary and involuntary dissolution and distribution of assets upon insolvency, for foreign and Federal associations, for provisions applicable to Department of Banking and for penalties and criminal provisions. The Committee reported the bill out as committed on a vote of 14-0.
SB 380, PN 313 (Eichelberger)-Amends Title 13 (Commercial Code) of the Pennsylvania Consolidated Statutes, in transfers of funds, further providing for exclusion of consumer transactions governed by Federal law; and making an editorial change. The Committee reported the bill out as committed on a vote of 14-0.
SB 381, PN 314 ( Eichelberger)- Amends Title 13 (Commercial Code) of the Pennsylvania Consolidated Statutes, to update provisions related to secured transactions. The Committee reported the bill out as committed on a vote of 14-0.
SB 379, PN 302 ( Vance)- Amends the Insurance Company Law of 1921, adding provisions relating to medical professional liability insurance; and further providing for the expiration of children’s health care provisions. A motion to table offered by Senator Stack for the purpose of holding a public hearing failed on a mostly party line vote of 10 to 4. Senator Stack offered the following four amendments: Amendment 00103 – This amendment removes the language “or admission” from page 3 of the bill. It leaves the benevolent gesture language in place. Amendment 00115 adds language that says statements of fault, negligence, and culpable conduct may be admissible in a medical malpractice trial. Amendment 00104 – Removes the expiration date on CHIP. Amendment 00102 – Removes all of the benevolent gesture language and keeps the language for the 5 year CHIP. All four amendments failed on mostly a party line vote of 10 to 4. The Committee reported the bill out as committed on a vote of 10 to 4.