No. CS/SB 1600
Filed under Healthcare.
Community-based Care Lead Agency Liability Insurance; Requiring the Office of Insurance Regulation, in collaboration with the Department of Children and Families and other entities, to review and analyze certain data; requiring the office to provide a certain report to the Governor and Legislature; authorizing the office to levy fines or otherwise penalize insurance companies, and the department to levy fines or otherwise penalize community-based care lead agencies, for failure to timely reply to certain requests for information, etc.
Plain English Summary
AI-GENERATEDThe Office of Insurance Regulation and the Department of Children and Families may each fine an insurer or community-based care agency up to $500 a day, rising to $1,000 a day, for failing to answer a data request within 30 days.
The Office of Insurance Regulation must spend five years of data studying why liability insurance for these care agencies is hard to get or afford, then send the Governor and Legislature a report with recommendations by January 1, 2027.
This entire review-and-fine framework automatically expires on July 1, 2027 unless the Legislature votes to keep it, giving lawmakers only about six months after the report to act.
AIThe Office of Insurance Regulation may fine or otherwise penalize an insurance company that fails to reply to a request for information within 30 days, with the fine capped at $500 a day for the first three late days and $1,000 a day after that.
AIThe Department of Children and Families gets the same fining power over a community-based care lead agency or subcontractor that fails to reply to an information request within 30 days, under the same $500/$1,000 daily cap.
AIThe Office of Insurance Regulation, working with the department and the care agencies, must review five years of data on liability insurance access, cost, claims, and settlements, and its effect on care agencies' finances.
AIThe office must deliver a report with actionable recommendations for legislative and agency changes to the Governor, the Senate President, and the House Speaker by January 1, 2027.
AIThe entire review, reporting, and fine authority created by this subsection repeals itself on July 1, 2027 unless the Legislature reviews it and votes to reenact it first.