Introduced
by
To revise a law that lets local governments offer employee benefits by means of a “pooled plan” with other government employers. The bill would essentially reduce the insurance reserves these plans must keep on hand to pay claims, and also repeal a provision that allows the reserve requirement to be met with a letter of credit.
Referred to the Committee on Government Operations
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 37 to 0 (details)
Referred to the Committee on Insurance
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 107 to 0 (details)
To revise a law that lets local governments offer employee benefits by means of a “pooled plan” with other government employers. The bill would essentially reduce the insurance reserves these plans must keep on hand to pay claims, and also repeal a provision that allows the reserve requirement to be met with a letter of credit.
