Legislative Report

February 7, 2014 BOSE PUBLIC AFFAIRS GROUP INSURANCE BULLETIN XIV, NUMBER 5

In This Issue

GENERAL ASSEMBLY OVERVIEW

We have now reached the halfway point of the 2014 short session. Monday of this week was the deadline for House bills to pass in order to advance to the Senate for further consideration. The Senate third reading deadline was technically Wednesday; however, Senate President Pro Tem David Long (R-Fort Wayne) moved the deadline to Tuesday due to impending weather. The legislature will take a brief recess and then reconvene next week to begin the second half of session. Committee hearings will resume next week after bills have been assigned to committees in the second house and the committee chairs have had time to review all bills assigned to them. We will continue to monitor all legislation for amendments containing detrimental language which may have died during the first half of the session. Deadlines for the second half of session consist of the following: February 25 House committee report deadline February 27 Senate committee report deadline; House Second Reading deadline February 28 House fallback Second Reading deadline March 3 Senate Second Reading deadline; House Third Reading deadline March 4 Senate Third Reading deadline March 14 Adjournment Sine Die

General Assembly Overview Unclaimed Life Insurance Benefits IDOI Bill Workers Comp

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The most publicized issue of the session, House Joint Resolution 3, will pick back up next week. The Senate Rules Committee will hear testimony on the proposed constitutional amendment immediately after the Senates regular 1:30 p.m. session ends. As you may recall from prior reports, the House passed HJR 3 after removing its controversial second sentence, which would have banned civil unions and similar arrangements. That provision could be restored in the Senate but probably not during Mondays committee hearing. Sen. Long has said he would prefer any proposed changes to the House version be considered before the full Senate. Because of the short week only a few bills of interest received attention. Things will pick back up on Monday.

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UNCLAIMED LIFE INSURANCE BENEFITS

SB 220, authored by Sen. Travis Holdman (R), requires insurers to use the SSAs Death Master File or a database as inclusive to help with the accurate administration of unclaimed death benefits. The bill passed out of the Senate last week with an amendment that would apply the bill prospectively for policies issued in Indiana after June 30, 2015. Rep. Lehman (House Insurance Committee Chair) is the House Sponsor, and the bill is expected to be assigned to his committee and receive a hearing on the second or third Wednesday of this month.

IDOI BILL
HB 1206, authored by House Insurance Chairman Matt Lehman (R), does the following: (1) removes a requirement for life insurers to submit individual investments to the Department of Insurance; (2) removes a requirement that a foreign or alien insurer submit an application for admission to do business in Indiana in duplicate; (3) changes from March 15 to July 1 of each year the due date for certain insurance holding company filings; (4) adopts ORSA; (5) repeals a provision requiring the Commissioner to examine and publish a foreign or alien insurers annual condensed statement of assets and liabilities; and (6) specifies requirements for service contracts. The bill passed the House two weeks ago and Senate Insurance Chairman Allen Paul is the Senate Sponsor. The bill has not been scheduled for a hearing yet, but it is expected that the hearing will occur either the second or third Thursday of February in the Senate Insurance Committee.

WORKERS COMP
As an encore to HEA 1320 (from last session), SB 294 originally provided the following: additional restrictions on repackaged prescription drugs; reduction to the reimbursement cap from 200% of Medicare to 150% of Medicare; cap on reimbursement for implants; clarified the definition of medical service provider. The bill was amended in the Senate Pensions & Labor Committee hearing last week and now only contains language relative to repackaged drugs, clarification with respect to the definition of a medical service provider, and prohibition of double billing for implants. As amended, the bill passed out of the Senate unanimously. Representatives Ober and Lehman are the House sponsors.

For more information

Trent Hahn tfhahn@bosepublicaffairs.com Mike OBrien mobrien@bosepublicaffairs.com Telephone: 317/684-5400 Fax: 317/684-5432