1099 AMH FII OSBO 2

HB 1099 - H COMM AMD 2-20-01 ADOPTED

By Committee on Financial Institutions & Insurance

     On page 2, line 21, strike all of section 3, and insert:

ANEW SECTION. Sec. 3.  A new section is added to chapter 48.01 RCW to read as follows:

 The activities and operations of PACE programs, as defined in section 2 of this act and as authorized under sections 1894, 1905(a), and 1934 of the social security act, when registered, certified, licensed, or otherwise recognized or designated as a PACE program by the Washington state department of social and health services, are exempt from the requirements of this title.@

     Correct the title.

EFFECT: Exempts duly authorized and certified PACE programs from the net worth requirements of Title 48 RCW, with respect to health care service contractors.