2011 Regular Session
|At the request of:||(at the request of House Interim Committee on Judiciary for Surplus Line Association of Oregon)|
|Bill Title:||Relating to insurance; and providing for revenue raising that requires approval by a three-fifths majority.|
Authorizes Director of Department of Consumer and Business Services to enter compact with other states to allocate among states premium taxes paid to insured's home state.
Imposes surplus lines insurance tax and reporting requirements on independently procured insurance policyholders. Authorizes director to collect taxes on premiums for home state risks. Revises calculation of surplus lines premium tax paid by surplus lines licensee. Changes calculation of fire insurance premium tax paid by surplus lines licensee. Waives diligent search requirements for surplus lines insurance for insureds who meet certain qualifications. Modifies requirements for nonadmitted insurer receiving coverage placed by surplus lines licensee. Authorizes Surplus Line Association of Oregon to collect reports and taxes from insureds obtaining independently procured insurance. Specifies time period for health insurer to request refund of paid claim and specifies time period for health care provider to request additional payment and to resubmit claim denied by or refunded to different insurer. Requires health benefit plan to cover one refill of prescription for eye drops to treat glaucoma if certain conditions are met.
|Chapter Number:||Chapter 660|
|Fiscal Impact:||Has Minimal Fiscal Impact|
|Revenue Impact:||Revenue Impact Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||Chapter Number Assigned|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|