Transcript Highlights:

• Which is the least amount of years needed to make the funding actuarially sound.
• A PCPM is an accumulation of expenditures, actuarial adjustments, and child-month trends that develop
• “When you create an actuarial model to apply the actuarial adjustments, you have to be able to apply
• The only thing it does not do, when we mentioned in the report, it lines up all the different actuarial
• We eventually would like to have high acuity have its own actuarial adjustment.

Bills: S0042, S0578, S0624, S7018

Keywords: child protection, medical records, investigation, abuse, neglect, healthcare, Child Protection Team, diagnosis, Alzheimer's disease, Alzheimers, dementia, related dementias, brain health, early detection, caregiver support, elderly affairs, Department of Elderly Affairs, Department of Health, public health outreach, memory loss

Summary: The committee met with a quorum and first heard SB 624, which would codify DCF’s current practice of allowing batterers intervention programs to offer supplemental faith-based activities so long as participation is voluntary. The bill drew support from faith-based and family organizations, which argued it would restore access to effective rehabilitation options and remove discriminatory barriers. SB 624 was reported favorably after a roll call vote. The committee then heard SB 42, which would require child protective investigators and child protection teams to rely on qualified medical professionals when a child has a documented pre-existing diagnosis or when a parent requests an exam, and would require clearer notice to parents and custodians at the start of an investigation. Testimony overwhelmingly came from parents, advocates, and disability rights representatives describing cases in which medically complex children were allegedly misdiagnosed as abuse victims and families were separated unnecessarily. Members expressed sympathy and support, and SB 42 was reported favorably. Next, the committee considered CS/SB 578, creating an Alzheimer’s disease awareness initiative within the Department of Elder Affairs to promote early detection, brain health education, research updates, and clinical trial awareness, with outreach focused on older adults and at-risk populations. An amendment was adopted to place the campaign within the Alzheimer’s Disease Initiative. A caregiver testified about the need for public education and early diagnosis, and the bill was reported favorably. The committee also took up SPB 7018, a committee bill on child welfare that would extend the definition of “visitor” for foster homes to reduce repeated background checks, make the Step Into Success foster youth workforce pilot permanent and statewide, and create a program through the Florida Institute for Child Welfare to catalog best practices among community-based care lead agencies. The bill was approved as a committee bill and reported favorably. Finally, the Department of Children and Families presented its 2025-26 final funding methodology and rates report for community-based care. Members questioned the proposed tiered model, including insurance costs, risk corridors, prevention funding, performance measures, and regional funding disparities. No vote was taken on the presentation, but members discussed the possible need for follow-up legislation and additional stakeholder input.

Transcript Highlights:

• study, that organizational study, that comparison to other fair plans around the country, I mean, there
• study, that organizational study, that comparison to other fair plans around the country, I mean, there
• study, that organizational study, that comparison to other fair plans around the country, I mean, there
• . study. study.
• smart idea because the best actuarial smart idea because the best actuarial bang<00:58:35.760>

Keywords: 919, house, all

Summary: The task force approved the minutes from the previous meeting and then reviewed the structure and statutory requirements for its final report. Staff explained that the report must go to the commissioners of commerce, housing finance, and economic development, as well as relevant legislative leaders, and must include a summary of task force activities, adopted findings and recommendations, tort reform recommendations to reduce insurance costs, any draft legislation, and other necessary information. A draft report, likely excluding recommendations and draft legislation, is expected to be circulated before the first January meeting. Most of the meeting focused on the Fair Plan and whether it could be expanded to help homeowners associations, affordable housing, and common interest communities that are struggling to obtain coverage. Supporters said these groups are facing availability problems and often end up in the surplus lines market, which lacks the consumer protections of the admitted market. They argued the Fair Plan could serve as a third-market option with stronger protections and better access, especially for properties that are having difficulty getting quotes. Several members and witnesses raised concerns that the Fair Plan was never intended to be a broad affordability solution and warned against using it to artificially lower prices below risk-based levels. They said doing so could shift losses onto other policyholders through assessments and potentially weaken the broader insurance market. The Fair Plan administrator explained that any expansion would require substantial research, staffing, actuarial and underwriting expertise, reinsurance planning, IT changes, and likely assessments or other capitalization decisions, and that the plan would need to focus on a limited subset of properties rather than the entire market. No votes were taken on policy recommendations, and the discussion ended with agreement that more information and scoping work are needed before any formal recommendation is made.

Transcript Highlights:

• TRS from 2000 to the latest actuarial TRS from 2000 to the latest actuarial valuation<00:26:03.039
• <00:27:36.480> which five-year experience study which five-year experience study which decreased
• The National Council for Teacher Quality did a study of all 50 states.
• So this group, uh, the National Council for Teacher Quality did a study of all 50 states.
• So, this is a national study.

Keywords: 924, joint, all

Bills: SCR47, SCR21, SCR163, SCR169, SCR170, SCR50, SCR75, SCR149, HCR83, HCR111, HCR110, HCR122, HCR118, HCR61, HCR162, HCR36, HCR19, HCR106, HCR14, HCR178, SB3022, SB3102, SB3144

Keywords: sister-state, Hawaii, Okayama, Japan, cultural exchange, economic partnership, tourism, agriculture, international relations, healthcare, rural clinic, feasibility study, access to care, community health, Volcano community, Hawaiʻi Health Systems Corporation, emergency services, health assessment, Pacific Inter-Parliamentary Assembly, Legislative Cooperation

Transcript Highlights:

• Currently, 'Who We Play For' is facilitating electrocardiogram studies in 40 of the 67 counties in the
• They say their numbers come from our actuary. That's great, but that's all on your side.
• I would prefer to have our own actuary just to make sure. But I'm hoping nothing happens.
• We have our own actuary that can meet at least twice a year, but more often if necessary, and through
• I would just say that I believe that our actuary may find different things than theirs do.

Keywords: 999, senate, all

Transcript Highlights:

• The HHS has actuaries, independent actuaries that set our premiums.
• One, for example, is that sometimes managed care organizations have the actuarial rates set by actuaries
• The actuary that the state uses is red and wisdom, a completely independent actuary that does not work
• Some studies suggest, no.
• Other studies, the US Government Accounting Office study in 2024 found Other studies, the US Government

Summary: The Senate Committee on Health and Human Services convened to discuss interim charges regarding fraud, waste, and abuse in Texas human services, particularly focusing on Medicaid and childcare programs. The meeting highlighted the importance of preventing misuse of taxpayer funds, with testimony from various stakeholders emphasizing the need for increased oversight and accountability in these programs. Key points included the alarming rise in healthcare fraud in other states, the necessity for Texas to enhance its fraud prevention measures, and the potential financial repercussions of failing to meet federal compliance standards. Several committee members expressed concerns about the impact of fraud on vulnerable populations, particularly those relying on Medicaid services. Testimonies from experts underscored the effectiveness of Texas's Office of Inspector General (OIG) in combating fraud, yet pointed out existing vulnerabilities, such as inconsistent enforcement and the need for better data sharing among agencies. The discussion also touched on the challenges faced by hospice care providers, with a significant increase in the number of hospices in Texas raising concerns about quality and oversight. The committee heard from various witnesses, including representatives from health plans and advocacy organizations, who provided insights into the complexities of managing Medicaid and the importance of maintaining program integrity. The meeting concluded with a commitment to further explore legislative solutions to enhance oversight and ensure that resources are directed to those in genuine need.

Transcript Highlights:

• Studies, including those published in the American Journal of Lifestyle Medicine, show that primary care
• And I can tell you that the only reasons that we supported 2017 cuts is because the actuaries said if
• Well, the actuaries on this have also said we believe that this is, this is not going to make this unsustainable
• Our actuary, GRS and Joe Newton is here in case there are any, uh, actuarial questions that are needed
• him, but he has presented their assumptions to the City of Houston and the pension Review Board actuaries

Transcript Highlights:

• studies that are performed by actuaries.
• <00:43:06.480> studies<00:43:07.200> um<00:43:07.280> that provision of actuarial
• studies um that provision of actuarial studies um that are<00:43:07.599> performed<00:43:07.839
• They provide um that studies.
• gentleman have to do all the actuarial gentleman have to do all the actuarial work<01:10:35.120>

Keywords: 1189, house, all

Transcript Highlights:

• and the complexity in that study.
• <00:26:58.480> you insurance expertise like actuarial you insurance expertise like actuarial
• potentially conduct this type of study potentially conduct this type of study to<00:27:08.640>
• is worded and the complexity in uh study is worded and the complexity in that<00:27:22.080> study
• particular study the way it's worded. particular study the way it's worded.

Keywords: 910, house, all

Summary: The Committee on Consumer Protection and Commerce heard three resolutions focused on condominium management, insurance, and landlord-tenant issues. For HCR 24/HR 23, which sought a follow-up Sunrise review of condominium association managers, Hawaii Realtors and the Real Estate Commission supported the measure, while several condo owners and advocates described alleged embezzlement, misconduct, and lack of accountability in association management. The Real Estate Commission suggested using a more current bill, HB 1312, as the basis for the review. In decision-making, the committee adopted an HD1 to direct the auditor to conduct a Sunrise analysis on HB 1312 instead of the older cited bills, and the measure passed with amendments by unanimous votes, with one member excused. For HCR 85/HR 79, which asked the Insurance Commissioner to study alternative insurance models for condominium associations and unit owners, the acting insurance commissioner said the division supported the concept but warned the study could be costly and time-sensitive, estimating roughly $1.5 million based on the breadth of the requested work. A committee member and the commissioner discussed whether the scope could be narrowed, and the commissioner said a narrower study could reduce costs. The committee ultimately deferred the measure for possible revision and future discussion. For HCR 158/HR 153, which proposed an Attorney General-led working group to improve landlord-tenant code provisions, the Attorney General’s office said another agency with housing expertise would be better suited to convene the group and suggested LRB for legal research support. Hawaii Realtors supported the idea but said the chairing agency could be changed, while Maui Tenants and Workers Association urged stronger tenant representation and warned against framing the effort in a way that favors investors over tenants. A mediator also noted procedural gaps in court filing requirements for tenants and landlords. In decision-making, the committee adopted an HD1 to shift the convening role from the Attorney General to the judiciary, narrow the scope, and make technical changes; the amended resolution passed unanimously, with one member excused.

Transcript Highlights:

• I think a much better system would be to allow, through TDI's already existing actuarial data that they
• excessive rates, the I think a much better system would be to allow, through TDI's already existing actuarial
• Um, I think a much better system would be to allow through TDI's already existing actuarial data that
• and concerns, but I think all the things that were problematic that showed themselves in the 1992 study
• In a 2021 study, it was found that 50% of state insurance commissioners nationwide had joined the insurance

Summary: The committee first took up several bills and voted them out favorably without amendment: SB 2857, relating to prescription drug purchasing proof for certain health benefit plan issuers and employers; SB 1307, relating to the biennial health coverage reference guide; and SB 527, relating to health benefit coverage for general anesthesia for certain pediatric dental services. Each of those motions passed on a 7-0 roll call. The main discussion centered on SB 1643, which would require prior approval from the Texas Department of Insurance for property and casualty rate changes above 10% from a previously filed rate. The chair framed it as a response to rate volatility and rising homeowners and auto premiums, while several members questioned whether it would slow a market that is already stabilizing and could encourage insurers to file repeated increases just under the threshold. Witnesses from consumer groups supported tighter oversight and argued for a lower threshold, while insurance industry representatives opposed the bill, saying Texas’s file-and-use system and competitive market work better and that the proposal could increase costs or create uncertainty. After testimony, SB 1643 was left pending. The committee then heard SB 1642, which would replace the single Texas Department of Insurance commissioner with a three-commissioner structure and an executive director. Supporters said it could improve accountability and transparency, while opponents argued the current single-commissioner model is more efficient and avoids confusion and added cost. Witnesses also raised concerns about open meetings issues, administrative expense, and the lack of a clear model from other states. SB 1642 was also left pending. Finally, the committee heard SB 2530, the Texas Windstorm Insurance Association omnibus bill. The bill would make a number of changes to TWIA’s governance and finances, including exempting TWIA from certain taxes, moving its headquarters to a coastal county, changing board composition and voting rules, and lowering the probable maximum loss standard from 1-in-100 to 1-in-50. Supporters said the bill would strengthen TWIA’s reserve funding and improve local relevance, while opponents warned it could increase assessments, reduce reinsurance protection, and create operational risks by relocating the headquarters to the coast. The bill was left pending, and the committee then adjourned.

Transcript Highlights:

• We have approached PSPRS, asked for senators have asked for actuarial studies on the cost, and they have
• determined that the cost of this... ...actuarial studies on the cost, and they have determined that
• If you ask any actuary, there's a paper from the Society of Actuaries that says 100% is the goal, 100%
• of about... ...million dollar pre-funding but has a true valuation of actuarial impact of about $64
• Studies show that more than 30% of police crashes end in a crash.

Bills: SB1046, SB1317, SB1376, SB1416, SB1448, SB1471, SB1493, SB1498, SB1502, SB1504, SB1538, SB1544, SB1550, SB1579, SB1581, SB1584, SB1624, SB1673

Keywords: telecommunications, broadband, internet infrastructure, critical infrastructure, cybersecurity, national security, foreign adversary, China, Chinese equipment, supply chain security, network equipment, microchips, Arizona Corporation Commission, telecommunications provider, communications infrastructure, Huawei, ZTE, state-owned enterprise, sanctions, infrastructure security

Summary: The committee first approved its February 4 minutes and announced several bills would be held, including SB 1317, SB 1416, SB 1419, SB 1490, and SB 1493. It then heard SB 1579, which would appropriate about $4.7 million from the state general fund to expand a law enforcement data-sharing pilot through the Department of Administration, with funds for DPS, county sheriffs, university police, and city/town police departments. Testimony from the sponsor, Flagstaff’s mayor, Eloy’s police chief, and Maricopa County Sheriff’s Office staff emphasized faster records access, better coordination, and officer safety; an amendment added $125,900 for the Scottsdale Police Department after it had been omitted. The committee adopted the amendment and gave SB 1579 a do pass recommendation by a 6-0 vote with one not voting. The committee next considered SB 1581, which appropriates about $1.4 million from the Peace Officer Training Equipment Fund for pepperball equipment and about $1.316 million for public safety training simulators, with an amendment increasing the Nogales Police Department’s pepperball allocation and expanding simulator funding so Yavapai County could buy two simulators with a three-year warranty. Supporters from Navajo County, Phoenix, Glendale, Flagstaff, and Cochise County described pepperball as a de-escalation tool and simulators as important for crisis-response and use-of-force training. The committee adopted the amendment and passed SB 1581 as amended on a 7-0 vote. SB 1673 was heard next and would appropriate $8.2 million from the general fund to the Law Enforcement Crime Victim Notification Fund, exempting the appropriation from lapsing. The sponsor and law enforcement witnesses said the automated notification system has improved victim communication, reduced workload, and sent millions of updates; committee members asked about funding sources and why a bill is needed for a constitutionally mandated program. The committee approved SB 1673 without amendment on a 7-0 vote. The committee also heard SB 1544, which would make adult probation records public on request, while requiring redaction or withholding of sensitive information such as victim data, minors’ information, medical or counseling records, active investigations, and confidential informants, and creating a process for written denials and court appeals. The sponsor said the bill is intended to increase transparency and data access, while witnesses raised concerns about risk-assessment language and confidential information; the sponsor said amendments would be brought later to clarify those provisions. The committee passed SB 1544 on a 4-3 vote. Finally, SB 1376, creating a civic leadership development special plate and fund for a youth mentoring nonprofit, passed unanimously, and SB 1550, a three-year Queen Creek pilot program to prevent runaway youth exploitation and improve investigations, also passed after testimony from Queen Creek officials and police; one senator voted no, citing concerns about how runaway youth are treated in other legislation. The committee then began hearing SB 1504, a pension bill modifying retirement dates and COLA timing for Tier 2 and Tier 3 public safety personnel, with supporters arguing it would improve recruitment and retention and opponents warning it would create significant unfunded liabilities, but the transcript cuts off before final action on that bill.

Transcript Highlights:

• determine what goes into this budget, I commend that we are going to do a deeper dive on the salary study
• determine what goes into this budget, I commend that we are going to do a deeper dive on the salary study
• determine what goes into this budget, I commend that we are going to do a deeper dive on the salary study
• determine what goes into this budget, I commend that we are going to do a deeper dive on the salary study
• President, we authorize $2 million to support an actuarial audit of the Teachers' Retirement System and

Keywords: 958, all

Transcript Highlights:

• So yes, sometimes you have to look at that and study it, including groupers and multipliers and other
• TLTA's rate reduction, so generally what happens is actuaries submit evidence on the basis of a range
• TLTA's actuarial analysis showed that that range of reasonableness could include a rate reduction of
• He was using only the year data and no other spread data, which is never done by actuaries.
• So where the commissioner came down, if you look at all the actuarial indications and the evidence on

Bills: HB345, HB721, HB2580, SB815, HB3057, HB4603, HB3233, SB495, HB3863, HB3914, HB4570, HB5099, HB5173, SB458

Keywords: insurance, appraisal process, disputed losses, residential property, policyholder rights, insurer obligations, natural disasters, appraisal expenses, umpire selection, policyholder, insurer, umpire, claims management, health care, cost disclosure, benefit plan, administrators, traumatic brain injury, health benefit plans, insurance coverage

Transcript Highlights:

• Ultimately, it comes down to the actuarial standards, right?
• Any rate needs to be actuarially sound.
• Actuarial discounts on the basis of experience in actuarial science, and then companies we find will
• But there's plenty of data out there for actuarial...
• One of the interesting things, there's a fairly good study that you can look at from Oklahoma.

Bills: HB778, HB 1266, HB1576, HB2213, HB2517, HB2518, HB2841, HB3306, HB3320, HB3388, HB3508, HB3520, HB3689

Keywords: credentialing, healthcare, physician assistants, advanced practice nurses, managed care, hurricane, windstorm, loss mitigation, grants, insurance discounts, property retrofitting, insurance, Texas Windstorm Insurance Association, board composition, coastal counties, property insurance, taxation, Texas FAIR Plan Association, premium taxes, maintenance taxes

Transcript Highlights:

• We did not have to reduce the actuarial rate of return as we had in the three previous experience studies
• <02:16:08.000> audit Association and an Actuarial audit Association and an Actuarial audit
• 16:10.760> firm involves having another Actuarial firm involves having another Actuarial firm
• assumptions that our regular actuary assumptions that our regular actuary makes<02:16:20.320>
• actuary actuary plls<02:24:34.520> over<02:24:34.880> a<02:24:35.120> dozen<02:

Keywords: 928, house, all

Summary: The Department of Administrative Services presented an overview of its budget and operations, emphasizing that it is the lowest-spending agency in state government and that its general fund allocation has declined since 2019. Commissioner Arling House explained that DAS also handles back-office functions for several administratively attached boards, which has affected staffing and spending comparisons. He said the department’s current general fund spending is roughly split between retiree health and other operations, and that the presentation was based on adjusted authorized spending rather than the original budget figures. A major portion of the meeting focused on retiree health benefits and the long-term effort to control costs. Deputy Commissioner Cassie Keane described how the state moved from a projected deficit in retiree health to savings through a series of changes, including higher premium contributions, co-pay adjustments, and shifting Medicare retirees into Medicare Advantage arrangements to capture federal reimbursement. She said the state has about 12,500 retirees and spouses on the plan, with roughly 10,906 Medicare retirees and 1,580 non-Medicare retirees, and that the savings have depended heavily on federal funding and procurement decisions. She also noted that Medicare retirees pay Part B premiums and that the state has grandfathered older retirees from some premium contributions. Members asked about what the expenditures cover, why the state offers retiree health instead of simply giving retirees a payment to buy coverage themselves, and whether out-of-pocket costs changed under Medicare Advantage. Keane said the plan covers actual health claims or insurance premiums, that co-pays and maximum out-of-pocket limits remain in place, and that the state has no authority to change benefit details without legislative action. She explained that retiree health is a long-standing employee benefit that wraps around Medicare and is not collectively bargained in the usual sense, though its eligibility rules and cost-sharing have been tightened over time to better target the benefit to long-term state service. The discussion also covered vendor performance problems. Keane said Anthem recently won the contract back from Aetna, but its pharmacy subsidiary, Caroline, caused serious service disruptions. DAS responded by withholding payments, assessing more than $2 million in performance guarantees, and hiring a third-party auditor to review the pharmacy processes. The current contract runs through the end of calendar year 2026, and officials said they are watching federal Medicare Advantage reimbursement changes closely because future savings are uncertain.

Transcript Highlights:

• And then questions to that: we need some more actuarial information.
• It was intended to really have focused conversation around utilities The opening of the Wildfire Study
• We need actuarially justified premium rates.
• The The insurance code requires residual market rates to be actuarially set with actually sound rates
• Since wildfire ignites structures through embers, which was flame contact, IBHS studies and works to

Transcript Highlights:

• Bill 190, which is an act relating to the Green Mountain Care Board, reference-based pricing, and studying
• Senate Bill 190 is an act relating to the Green Mountain Care Board, reference-based pricing, and studying
• see any analysis including actuarial see any analysis including actuarial modeling,<00:42:26.400
• <00:43:37.040> analysis promise to they had actuarial analysis promise to they had actuarial
• Um I believe there might<01:18:29.600> be<01:18:29.840> actuarial might be actuarial might

Keywords: 926, house, all

Summary: The House took up S. 190, a health care cost-containment bill relating to the Green Mountain Care Board, reference-based pricing, and a study of a public employee health benefit authority. The House first suspended rules to take the bill from the notice calendar, then heard committee reports from Health Care, Ways and Means, and Appropriations. The Health Care committee chair described the bill as a strike-all amendment intended to carry out Act 68’s hospital reference-based pricing timeline, saying it would let the Green Mountain Care Board begin implementation for fiscal year 2027, expand reference-based pricing to qualified health plans and the Vermont Education Health Insurance program, and address hospital pricing transparency, outsourcing, and critical access hospital Medicare outpatient cost-sharing issues. Supporters argued the bill would lower insurance costs, help reduce property taxes, and improve hospital sustainability by reducing the need for hospitals to limit access as they approach revenue caps. The Ways and Means committee said the bill could reduce education spending by lowering health care costs for school employees and reported the bill favorably on a 7-4 vote. The Appropriations committee said it reviewed the bill and an amendment, and noted that much of the detailed language would be changed by the appropriations amendment; it also discussed a possible state innovation waiver under the Affordable Care Act. The Health Care committee reported its strike-all amendment favorably on a 10-0 vote. The bill’s provisions were described in detail, including requiring hospitals and insurers to express rates as a percentage of Medicare, setting a path toward national median hospital prices by 2030, limiting certain reimbursements for QHP and VHI plans, requiring a report on hospital outsourcing and provider tax impacts, and creating a public health system performance tool if funding is available. The speaker also noted that the bill would not affect critical access hospitals or Vermont’s Medicare-dependent hospital in the reimbursement cap provisions, and that critical access hospitals were already working with the Green Mountain Care Board on solutions to Medicare outpatient cost-sharing concerns.

Transcript Highlights:

• Um, on that lower retirement contribution rate, are we still making the ADC as requested by the actuary
• Uh, and then on the state police and the KS hazardous, both of those from the actuaries have dropped
• <00:18:45.840> from phasing in the experience study from phasing in the experience study from
• assumptions that that experience study assumptions that that experience study did.<00:19:03.440>
• <00:47:29.280> done There was an environmental study done There was an environmental study

Keywords: Meeting Start 00:00:00 Roll Call 00:00:11 Executive Budget 00:00:50, 958, all

Summary: The committee met to hear a presentation from Dr. Hicks on the governor’s recommended budget for the next biennium. He reviewed the revenue outlook, noting modest general fund growth, a large rainy day fund balance, and the impact of recent income tax reductions. He said the budget was built around recurring reductions, lower debt service and retirement contribution rates, and the use of excess restricted funds, while protecting K-12 education, Medicaid, postsecondary education, public safety, and pension obligations. Dr. Hicks outlined several major spending and reserve proposals, including $350 million from the Department of Insurance’s excess restricted funds to support Medicaid in the first year, $150 million for the affordable housing trust fund, $125 million for rural hospitals, $100 million to offset lost federal ACA premium tax credits, $75 million for utility assistance, and $50 million for food assistance. In education, the proposal included a phased pre-K for all plan funded by sports wagering tax revenue, a 3% annual salary increase for full-time school personnel, continued full funding of teacher pensions, a 2.5% annual increase in SEEK base funding, and additional support for career and technical education and school facilities. He also discussed Medicaid cost pressures, including higher managed care, pharmacy, behavioral health, and nursing facility costs, and explained the expected effects of federal HR1 changes on Kentucky’s Medicaid program. Those changes include work and community engagement requirements and more frequent eligibility redeterminations for expansion members, which the administration estimated would reduce enrollment by about 4,300 in the first year and 28,000 in the second year. No votes or formal committee actions were taken during the meeting, which was limited to the budget presentation and member questions.

Transcript Highlights:

• professional, and this would be a study professional, and this would be a study commission<00:39
• It creates a study committee among does.
• It's It's worse when you actuaries.
• The ADC, the actuarial defined contribution, what the actuaries want is 25.92.
• <02:49:39.040> program, have that coastal studies program, have that coastal studies program

Keywords: MS Senate Floor - 9 February, 2026; 2:00 PM, 925, all

Summary: The Senate convened with a quorum present, received an invocation from Dr. Pearl Huggin, and approved dispensing with the reading of the journal, committee reports, and bill titles. Several guests were introduced, including Dr. Huggin’s family, the doctor of the day, first-year medical students from the University of Mississippi Medical Center, and representatives from Mississippi hospitals and law enforcement. The chamber then moved to the calendar and took up multiple bills. Senate Bill 2911, concerning alternative return-to-work provisions for state retirees, was explained as shortening the required separation period from 90 days to 30 days and allowing retirees to return in certain positions at up to 80% of the salary for the job they are performing, with the employer paying both sides of retirement contributions. Supporters said it would help fill vacancies in education, public safety, corrections, and local government and could save money compared with contract labor; questions focused on work expectations, insurance, and how the bill would apply to teachers, bus drivers, and other retirees. The committee substitute was adopted, and the bill passed on the afternoon roll call. Senate Bill 2272, which would exempt certain agriculture and forestry items from the 1.5% sales tax, was explained as reducing the tax to 0% for qualifying commercial farmers and loggers and expanding covered items to include equipment and fencing supplies. A question clarified that the exemption applies to commercial operations, not individuals raising animals for personal use. The bill passed on the afternoon roll call. Senate Bill 2909, which lowers the years needed for unreduced retirement under tier five from 35 to 30, was also taken up; after adoption of the committee substitute, the bill was laid on the table subject to call of the chair because of a pending amendment. The Senate also tabled a motion to reconsider Senate Bill 2588 (the Shield Act codification) and heard Senate Bill 2260, which creates a government efficiency task force to study ways to streamline agency licensing and service delivery; that bill was explained as a preliminary study commission intended to recommend consolidation and a more one-stop approach to state services.

Transcript Highlights:

• understand the delicate balance between offering affordable products and properly pricing the risk. actuarial
• Homeowner's insurance in 2023, according to the NEIC, their most recent profitability study, paid out
• We are a building science research Institute that studies how to make homes businesses and our communities
• NFIP with risk rating 2.0 has been trying to start to close the gap between their underpricing and actuarial
• But my actuary is pulling out what little Harry has left because it keeps changing every couple of weeks

Keywords: homeowners insurance, natural disasters, insurance costs, climate change, disaster preparedness, federal policies, bipartisan solutions

Summary: The meeting reviewed critical issues surrounding the rising costs and accessibility of homeowners insurance across the United States, particularly in light of increasing natural disasters linked to climate change. Members engaged in extensive discussions regarding the implications for families and the economy, citing significant increases in premiums and decreasing availability of policies in high-risk areas. Supervisor Peysko highlighted the direct impact of federal policies on local communities, emphasizing the growing burden on homeowners as they face skyrocketing insurance costs amidst a backdrop of environmental challenges and regulatory constraints. The committee expressed a unified call to action for bipartisan solutions, focusing on improving building codes and enhancing disaster preparedness measures.