SHB 2500 -
By Committee on Health & Long-Term Care
ADOPTED 03/01/2006
On page 1, after line 3, insert the following:
"NEW SECTION. Sec. 1 Health carriers are currently required to
file statutory annual statements with the office of the insurance
commissioner or the national association of insurance commissioners.
These annual statements are extensive and contain a significant amount
of financial information. These annual statements are public
documents; however, such financial information can be complex and
difficult to read and understand.
It is the intent of this act to provide a method of reporting
certain financial data in a user friendly format. It is also the
intent of this act, to the extent possible, to utilize existing
information from the annual statements when developing the additional
or supplemental data statement required by this act, and to the extent
possible, avoid imposing additional reporting requirements that have
the unintended consequences of unduly increasing administrative costs
for carriers required to file such information."
Renumber the remaining section consecutively and correct any internal references accordingly.
On page 2, after line 27, insert the following:
"(4) For the purposes of licensed disability insurers, the
commissioner shall work collaboratively with insurers to develop an
additional or supplemental data statement that utilizes to the maximum
extent possible information from the annual statement forms that are
currently filed by these entities."