HB 2870 - DIGEST

      Specifies the applicability and scope of the act.

      Places restrictions on premium rates.

      Establishes renewability and availability of coverage provisions.

      Requires a notice of intent and application to operate as a risk-assuming carrier or allocation carrier.

      Provides for a small employer carrier reinsurance program.

      Establishes general requirements for small employer carriers.

      Appoints a health benefit plan committee.

      Provides for periodic market evaluations.

      Provides a waiver for certain state laws.

      Establishes standards to assure fair marketing.