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Sponsor Statement for CSSSHB 315
State Health Ins For Business/Nonprofits

An Act allowing employers that are small businesses, small nonprofit organizations, or small associations for insurance purposes to join state employee insurance coverage as a group; and providing for an effective date.

Section 1: Legislative Findings and Intent.

Section 2: Adds reference to new section in this bill to the definition of group health insurance contained in AS 21.54.060 [Group health insurance defined].

Section 3: Adds to Section to Title 39 concerning procurement of group health insurance policies for qualified entities. Defines registration procedures. Eliminates self-insurance as an option for this group. Definitions included in this section.

Section 4: Provides for initial cost recovery of funds expended to set up the group. Recovery spread over a five-year period.

Section 5: Effective date: Immediate.

ED 02:04/23/02

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Attachments:

• Sponsor Statement
  
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