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Minutes for SB21 - Committee on Insurance

Short Title

Requiring that third party administrators maintain separate fiduciary accounts for individual payors and not contain funds collected or held on behalf of multiple payors and requiring that third party administrators disclose to the commissioner of insurance any bankruptcy petition filed by or on behalf of such administrator pursuant to chapter 9 or chapter 11 of the United States bankruptcy code.

Minutes Content for Mon, Mar 3, 2025

 

The Chair opened the hearing on SB21.  Assistant Revisor Ma presented an overview of the bill and stood  for questions. (Attachment 1)

There were no proponents, neutrals, or opponents present.

The  hearing on SB21 was closed by the Chair.