5521-S AMS THIB SEIB 005

SSB 5521 - S AMD 105

By Senators Thibaudeau, Fairley, Keiser and Prentice

3/13/03 NOT ADOPTED

   On page 3, line 6 after "(d)" strike all material through "thereafter." on line 9, and insert "The permitted rates for any age group shall be no more than four hundred twenty-five percent of the lowest rate for all age groups on January 1, 1996, four hundred percent on January 1, 1997, and three hundred seventy-five percent on January 1, 2000, and thereafter."

   Renumber the sections consecutively and correct any internal references accordingly.

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EFFECT: Retains the current restriction on how much rates in the small group market may vary based on age.