Bill Text: CT SB00020 | 2012 | General Assembly | Comm Sub

Connecticut Senate Bill 20 (Prior Session Legislation)

Bill Title: An Act Concerning A Study Of The Assessment Methodology Used By The Insurance Department And The Office Of The Healthcare Advocate.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Engrossed - Dead) 2012-04-12 - House Calendar Number 314 [SB00020 Detail]

Download: Connecticut-2012-SB00020-Comm_Sub.html

General Assembly		*Substitute Bill No. 20*
*February Session, 2012*		_____SB00020INS___022112____

AN ACT CONCERNING A STUDY OF THE ASSESSMENT METHODOLOGY USED BY THE INSURANCE DEPARTMENT AND THE OFFICE OF THE HEALTHCARE ADVOCATE.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. (Effective from passage) (a) The Legislative Program Review and Investigations Committee shall conduct a study of the assessment methodology used by the Insurance Department and the Office of the Healthcare Advocate pursuant to sections 38a-47 and 38a-48 of the general statutes for the funding of said department and office. The study shall consider (1) the effects of expanding such assessment methodology to include alien and foreign insurance companies doing business in this state, on such insurance companies and on domestic insurance companies, and (2) funding mechanisms used by other states to fund their insurance regulatory agencies.

(b) Not later than January 1, 2013, the Legislative Program Review and Investigations Committee shall submit a report of its findings, in accordance with section 11-4a of the general statutes, to the joint standing committee of the General Assembly having cognizance of matters relating to insurance.