5261-S.E AMH HERR KNUT 065

ESSB 5261 - H AMD TO H-5489.2 1359

By Representative Herrera

   On page 14, after line 16, insert the following:

   "NEW SECTION. Sec. 8. (1) The office of the insurance commissioner shall explore the feasibility of entering into a multistate health insurance plan compact for the purpose of providing affordable health insurance coverage for persons purchasing individual health coverage. The office of the insurance commissioner shall propose model state legislation that each participating state would enact prior to entering into the multistate health insurance plan compact. If federal legislation is necessary to permit the operation of the multistate health insurance plan, the office of the insurance commissioner shall identify needed changes in federal statutes and rules.

     (2) The office of the insurance commissioner shall report the findings and recommendations of the feasibility study to the appropriate committees of the senate and house of representatives by December 1, 2008."

EFFECT: Requires the office of the insurance commissioner to explore the feasibility of operating a multistate health insurance pool for persons purchasing individual health coverage.