Revised for 1st substitute: Addressing funding for health insurance premium assistance.

Where it is in the process

Plain-English Summary

This bill requires the state commissioner to determine if nonprofit health insurance companies have an "excessive surplus" by October 1, 2026. If a surplus is deemed excessive, the company must pay 10% of that amount to the state for a health insurance premium assistance program. Companies can request a hearing to argue for a reduced payment if it would cause financial impairment.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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