2016 Insurance Bills Passed Into Law
Permits volunteer fire protection associations to apply to the State Fire Marshal for grants for the purpose of funding the workers' compensation insurance premiums for the association's volunteer firefighters; changes the medical cost amount limit to 20% of the current split point of primary and excess losses under the uniform experience rating plan.
Exempts volunteers of qualified tax-exempt 501(c)(19) veterans' organizations from workers' compensation laws; permits volunteer fire protection associations to apply to the State Fire Marshal for grants for the purpose of funding the workers' compensation insurance premiums for the association's volunteer firefighters; and changes the medical cost amount limit to 20% of the current split point of primary and excess losses under the uniform experience rating plan.
SB 847: Collateral Source Rule
Modifies provisions relating to the collateral source rule and provides that parties may introduce evidence of the actual cost, rather than the value, of the medical care rendered; defendant is entitled to deduct such payments towards special damages from any judgment as provided. (Vetoed by Governor)
SB 865: Health Insurance Rates
Among other provisions, requires that health insurance carriers file rates with the Department of Insurance prior to use.
SB 947: Transportation Network Companies Creates the insurance coverage requirements between a transportation network company (TNC) and a TNC driver who uses a personal vehicle to transport passengers for the TNC. Requires primary insurance coverage in amounts of $50,000/$100,000/$25,000 and uninsured motorist coverage in amounts not less than limits set forth in Section 379.203.
HB 1763: Workers' Compensation Large Deductible Plans
Requires all workers' compensation large deductible covered claims of an insolvent insurer to be turned over to the responsible guaranty association. (Governor's veto overridden)
HB 1976: Motor Vehicle Service Contracts
Expands the definition of "motor vehicle extended service contract" to include a contract or agreement for the repair of certain road hazard damages, replacement of a vehicle key or key fob, and other services approved by the Department of Insurance. Also allows a licensed person to operate an autocycle on highways and streets without a helmet as long as it is equipped with a roof that meets established standards for protective headgear. (Governor's veto overridden)
HB 2150: Unclaimed Life Insurance Policies
Requires life insurance companies to compare policies, annuities, and accounts against a death master file for potential matches and to either pay beneficiaries or remit unclaimed benefits to state treasurer.
HB 2194: Policy Transfer Among Affiliate Insurance Companies
Specifies that when an insurer transfers an insurance policy among affiliated insurers within an insurance holding company that it is not considered to be a cancellation or nonrenewal. This bill also establshes a regulatory system for self-storage insurance and the selling of such policies.