Transcript Highlights:

• And number four, the health insurer shall include in the notification how the insurer is utilizing the
• regarding insurance.
• life insurers from acquiring certain investments, provides applicable provisions to life insurers and
• non-life insurers, and limits the aggregate amount of all equity interests held by an insurer.
• For health insurers and for life insurers, it really keeps that the same, the rest of it the same.

Committee: Senate Insurance

Summary: The Senate Committee on Insurance met on May 6, 2026, and first reported HB 1241 favorably. That bill, by Chairman Furman, requires insurers to check with DCFS before paying certain insurance settlements to determine whether the recipient owes delinquent child support, and to withhold and remit arrears if found. DCFS explained that Louisiana already has intercepts and other collection tools, but no current mechanism for insurance settlements. Senators raised concerns about notice to obligors and about liability if insurers fail to withhold, but the bill was advanced without objection. The committee then heard HB 870, which would require health insurers and PBMs to cover lower-cost generic or biosimilar drugs when available and to use utilization management no more restrictively on those drugs. Supporters said the bill would improve access and lower patient costs by using wholesale acquisition cost as the comparison point. Opponents, including Louisiana Blue and the AFL-CIO, argued that WAC ignores rebates and net cost, could force plans to cover higher-cost biosimilars first, and could increase premiums and disrupt ERISA and fully insured plan design. The committee adopted a technical amendment set and then a second amendment set that added notice and reporting requirements tied to net cost calculations, and HB 870 was reported favorably as amended. Several other bills were moved with little or no opposition. HB 1176, concerning Medicare Advantage coverage for integrative cancer treatments such as cold cap therapy, cryotherapy, and acupuncture, was amended to change the effective date and then reported favorably. HB 1196, dealing with colorectal cancer screening follow-up colonoscopies, was also amended and reported favorably. HB 1162, a consumer protection bill requiring DOI to verify that a contractor named on a first-party property damage check is licensed in Louisiana, was amended and reported favorably. HB 826, which modernizes insurance referral rules to allow referrals by email or website address, was reported favorably. The committee also heard HB 1151 on insurer investment limits and solvency protections, and HB 1236 on pharmacy reimbursement and copay maximizer programs; both drew substantial testimony and concern, especially over retroactivity, PBM cost allocation, and whether copay maximizers shift costs to patients, but the transcript cuts off before final action on HB 1236.

Transcript Highlights:

• The Fair Plan is Texas' residual insurer for homeowners insurance, or the insurer of last resort.
• I'm the Public Insurance Counsel from the Office of Public Insurance Counsel.
• Insurers may file and use depending on the insurer.
• I'm the Public Insurance Counsel from the Office of Public Insurance Counsel.
• So I guess insurance people are really upset about insurance.

Committee: Senate Business & Commerce

Keywords: 1185, senate, all

Transcript Highlights:

• Without fertility insurance, families pay out of pocket costs for that, um, for the insurers, but insurers
• Without fertility insurance, families pay out of pocket costs for that, um, for the insurers, but insurers
• Without fertility insurance, families pay out of pocket costs for that, um, for the insurers, but insurers
• Without fertility insurance, families pay out of pocket costs for that, um, for the insurers, but insurers
• Without fertility insurance, families pay out of pocket costs for that, um, for the insurers, but insurers

Committee: Senate Commerce and Consumer Protection

Keywords: 1187, senate, all

Transcript Highlights:

• But unfortunately, the federal law does not cover life insurers, long-term care, or disability insurers
• She said, secure life insurance now before you get tested.
• I have pretty good insurance.
• Third, this bill does not undermine the insurance market.
• Third, this bill does not undermine the insurance market.

Committee: Joint Joint Committee on Financial Services

Keywords: 995, all

Summary: The Joint Committee on Financial Services held a fully virtual public hearing after a blizzard and state emergency closed the State House and created travel and cleanup concerns. Chairs Senator Paul Feeney and Representative James Murphy opened by thanking first responders and committee staff for making the hearing possible and noted that several members attended remotely. The committee heard testimony on three bills: H.5112, An Act Prohibiting Genetic Discrimination; H.4914, An Act Relative to the Massachusetts Uniform Commercial Code; and S.2921, An Act Relative to Travel Insurance. Most of the testimony focused on H.5112. Representative Dave Rogers and his constituent Robin Biggs testified in support of H.5112, describing gaps in federal genetic nondiscrimination law that do not cover life, long-term care, or disability insurance. Biggs shared her experience as a BRCA2 mutation carrier and said genetic knowledge helped her take preventive steps, but that people fear testing because insurers may use results against them. Lindsay Jack of the ALS Association and Lisa Schlager of FORCE also supported the bill, arguing that it would encourage preventive care, research participation, and fairer underwriting without harming insurance markets. They said insurers could still use medical history and diagnoses, but not genetic test results alone. Committee members asked questions about whether insurers currently request genetic testing and how such information is used in underwriting. Testifiers said the information is routinely asked for or found in medical records, but the bill would prohibit its use in coverage decisions and would prevent insurers from requiring testing. No votes were taken. After testimony concluded and no additional witnesses came forward, the chairs closed the hearing and adjourned the meeting by unanimous voice vote.

Transcript Highlights:

• It was, they called it an insurance, but it wasn't really an insurance.
• Um, 6.2% is being used to pay for insurance. insurance. insurance.
• They're both in fully insured markets. They're not self-insured plans.
• they're not self-insured plans. So, they they're not self-insured plans.
• </c> deposit insurance model. deposit insurance model.

Bills: HF3766 , HF3972 , HF3437 , HF4118

Committee: House Commerce Finance and Policy

Keywords: travel insurance, regulation, insurance licensing, consumer protection, travel assistance, short-term rental, vacation rental, home sharing, rental marketplace, online platform, property damage guarantee, damage waiver, reimbursement insurance, insurance regulation, commerce department, platform user, Airbnb, Vrbo, host protection, rental home marketplace

Transcript Highlights:

• Of insurance from an insurance company, anything an insurance company engages in with a downstream business
• As you've heard, health insurers are no longer just insurers.
• So Regence pays the insurance premium tax on our fully insured business.
• , auto, and business insurers.
• Those are insurance activities.

Summary: The committee heard briefings, sponsor presentations, and public testimony on several finance bills. HB 2038 would impose an additional B&O tax on businesses operating social media platforms beginning in 2027 and create a youth behavioral health account funded by the tax. The sponsor argued the bill would help address youth mental health harms linked to social media and support implementation of the Washington Thriving plan. Supporters in testimony, including youth advocates and some public health voices, said social media contributes to youth anxiety and addiction and that the revenue should be used for behavioral health services. Opponents, including technology and business groups, argued the tax unfairly singles out one sector, could be passed on to consumers, and may violate federal internet tax law. The hearing on HB 2038 was suspended and later reopened for public testimony; no vote was taken. HB 2297 would create tax incentives for grocery stores in underserved communities, including local B&O preferences, a sales tax exemption for security services, a 30-year property tax exemption program, a B&O tax credit, and a B&O exemption for certain locally owned or employee-owned stores. The sponsor and supporters said the bill is intended to preserve and attract grocery stores in food deserts, especially after recent store closures, and to help communities with limited transportation and access to healthy food. County representatives supported the goal but raised concern about the bill’s sales tax exemption and its effect on local revenues. Public testimony was largely supportive, with advocates, local officials, grocers, and residents describing grocery stores as essential community infrastructure. No action was taken. HB 2382 would raise cigarette taxes by $2 per pack, restructure vapor and other tobacco product taxes, and dedicate portions of the revenue to a time-sensitive emergency system, tobacco enforcement, and the foundational public health services account. The sponsor said the bill would generate needed revenue, support cancer research funding, and strengthen public health and enforcement. Supporters said higher tobacco taxes reduce use and help cover long-term health costs, while some public health witnesses supported the revenue but suggested directing more funds to existing tobacco prevention accounts. Opponents from retail and industry groups argued the proposal is regressive, could increase illicit sales and cross-border purchasing, and would hurt small businesses and low-income consumers. The committee also heard HB 2487, a Department of Revenue request bill that would narrow the B&O exemption for insurers to clarify that it applies only to premium income subject to insurance premium tax, and apply the change retroactively to 2019. The sponsor and supporters said the bill closes a loophole created by a recent Supreme Court ruling and preserves tax equity, while insurers and business groups objected to the retroactive application, warning of higher premiums and unfair taxation. Finally, HB 2018 would increase the solid waste tax by 0.5% per year for five years and direct the new revenue to a local government solid waste assistance account for county and city waste management plans. County officials supported the bill as a way to stabilize funding for solid waste systems, and testimony emphasized rising disposal and infrastructure costs. No votes were taken on any of the bills during the hearing.

Transcript Highlights:

• </c><00:05:16.759><c> their</c> ironically people pay insurance their ironically people pay insurance
• </c> 23 Mayo reached out to our insurance 23 Mayo reached out to our insurance company<00:08:41.320><
• </c><00:09:36.399><c> company</c> need it I called the insurance company need it I called the insurance
• </c><00:10:31.160><c> company</c> is not right that an insurance company is not right that an insurance
• </c> long um to look after these insurance long um to look after these insurance par<00:13:29.800><c>

Keywords: 1187, senate, all

Transcript Highlights:

• I staffed the Banking and Insurance Committee.
• and the people who have homeowners insurance.
• It doesn't matter who the insurance company is.
• We represent a major insurer, but I'm not here on behalf of the insurer.
• You know, I can say this when the last insurance commissioner was walking out the door—I say insurance

Committee: Senate Director Nominations

Keywords: 1182, all

Transcript Highlights:

• without insurance.
• without insurance.
• Insurance,<00:58:21.520><c> maintenance,</c> Insurance, maintenance, Insurance, maintenance, fuel,<00
• </c> that we want people to have insurance. that we want people to have insurance.
• But I mean, I I am not buying insurance. There's I I am not buying insurance.

Bills: HF3131 , HF3436 , HF3106 , HF3241 , HF3531

Committee: House Transportation Finance and Policy

Keywords: cancer, disability, parking certificates, transportation, state law, school bus, schoolchildren, student safety, traffic safety, stop arm, flashing red lights, amber lights, passing a school bus, 20 feet, vehicle stopping distance, driver duties, school transportation, Minnesota traffic law, school bus law, bus stop signal

Transcript Highlights:

• But unfortunately, the federal law does not cover life insurers, long-term care, or disability insurers
• She said, secure life insurance now before you get tested.
• She said, secure life insurance now before you get tested.
• I have pretty good insurance.
• Third, this bill does not undermine the insurance market.

Bills: H5112 , S2921 , H4914

Committee: Joint Joint Committee on Financial Services

Keywords: genetic discrimination, genetic testing, genetic information, DNA, hereditary risk, insurance underwriting, life insurance, health insurance, long-term care insurance, disability insurance, medical privacy, consumer protection, anti-discrimination, insurer regulation, Commissioner of Insurance, chapter 176D, underwriting, hereditary disease, genomics, travel insurance

Transcript Highlights:

• </c><00:16:39.279><c> and</c> part of the banking of insurance and part of the banking of insurance and
• :41.360><c> benefit</c> insurance committee um Pharmacy benefit insurance committee um Pharmacy benefit
• </c><00:16:45.319><c> companies</c> manufacturers and insurance companies manufacturers and insurance
• If you have an insurance company coming to the Department of Insurance and asking for a rate increase
• </c> the most impact on health insurance the most impact on health insurance policies<00:44:31.760><c

Keywords: Meeting Start: 00:00 Roll Call: 00:10 SB145 Discussion: 02:23 SB145 Vote: 05:13 SB183 Discussion: 06:13 SB183 Vote: 11:37 HB413 Discussion Only: 16:15, 958, all

Summary: The House Standing Committee on Banking and Insurance met with a quorum and first took up Senate Bill 145, sponsored by Sen. David Givens. The bill would update retail installment contract statutes for automobile sales, allowing retailers with installment contracts shorter than 28 days to begin collections after three days instead of waiting for multiple missed payments, and it also harmonizes a related dollar amount in statute from $10 to $15. The committee asked no questions, and the bill received a favorable expression on a roll-call vote. The committee then heard Senate Bill 183 from Sen. Matt Nunn, with testimony from Chris Nolan of the American Property Casualty Insurance Association. The bill would require proxy advisers acting for the State Retirement System to act solely in the financial interest of current and future retirees and to avoid political or social considerations in shareholder voting recommendations. Supporters argued it would keep politics out of public pensions and align proxy advice with fiduciary duties; members praised the bill and noted Kentucky could be among the first states to adopt such a model. The committee approved the bill with favorable expression after a roll-call vote. The committee also reviewed administrative regulation 808 KAR 9:10 from the Department of Financial Institutions, with no vote required. It then took up House Bill 413, a PBM rebate pass-through bill, with testimony from Sarah Wood of the Diabetes Patient Advocacy Coalition. She said the bill would require 85% of negotiated drug rebates to be passed through to patients at the point of sale, lowering out-of-pocket costs, especially for high-rebate drugs such as insulin, while still allowing 15% to remain with plans. She cited examples from other states and argued the bill would benefit about 650,000 Kentuckians. Hope McClaflin of Anthem opposed the bill, saying it would reduce employers’ ability to use rebates to lower premiums, could disproportionately favor high-cost brand-name drug users, and could create significant costs for state and fully insured plans. Members asked questions about other states’ pass-through rates and the effect on premiums, but no final action on House Bill 413 was taken in the portion of the meeting provided.

Transcript Highlights:

• <00:14:44.600><c> coverage</c> insurance coverage insurance coverage mandates<00:14:47.040><c> which<
• Todd Felman, from State Farm Insurance, and chairperson of the insurance industry committee for Motor
• , commissioner of the Department of Insurance. Sean, with the Department of Insurance as well.
• </c> create a real-time Insurance create a real-time Insurance verification<00:18:42.039><c> system</
• </c><00:19:19.960><c> verification</c> though was the insurance verification though was the insurance

Keywords: Meeting Start: 00:00 Roll Call: 00:13 HB423 Discussion: 01:38 HB423 Vote: 12:30 HB415 Discussion: 13:50 HB415 Vote: 15:13 HB390 Discussion: 16:30 HB390 Vote: 21:48 HB3 For Discussion Only: 23:15, 958, all

Summary: The committee first took up House Bill 423, a prior authorization reform measure sponsored by Representative Kim Moser. A committee substitute was adopted to clarify that the bill’s prior authorization exemption program does not apply to Medicaid. Supporters, including the Kentucky Medical Association, said the bill would reduce red tape, improve transparency, and let providers spend more time on patient care. The bill would create a framework for insurers to establish a gold carding or waiver program for certain health services, exclude prescription drugs, prohibit retrospective reviews based solely on an exemption, and require annual reporting by the Department of Insurance and the Department for Medicaid Services. After questions about how exemptions would work and whether the bill addressed repeat prior authorizations, the committee voted to pass HB 423 with favorable expression. The committee then considered House Bill 415, sponsored by Representative Pollock and supported by AFLAC representatives. The bill was described as clarifying that health insurance coverage mandates are generally intended to apply only to primary major medical policies. With no substantive opposition or questions, the committee voted to pass HB 415 with favorable expression. Finally, the committee heard House Bill 390 from Chair Meredith, presented with support from multiple insurance industry representatives and the Department of Insurance. The bill would move motor vehicle insurance verification data from the old system to the CAVIS database and shorten the reporting turnaround from 30 days to a ceiling of seven days, with the possibility of a shorter period by regulation. After brief discussion and no objections, the committee voted to pass HB 390 with favorable expression. The committee also heard House Bill 3 for discussion only, sponsored by Representative Neighbors and supported by the Kentucky Pharmacists Association. The bill would require Kentucky Medicaid to reimburse pharmacists for covered clinical services they already provide, aligning Medicaid with existing commercial insurance policy. Supporters argued it would improve access, especially in underserved areas, and could reduce emergency room use and improve outcomes; the bill was not voted on during this meeting.

Transcript Highlights:

• Idaho Health Insurance Exchange Board to the Senate with a due pass recommendation.
• My email has been flooded with people who are seeing their health insurance go sky high.
• For the record, my name is Wes Trexler, Deputy Director, Idaho Department of Insurance.
• We just spoke about the Small Group Insurance Availability Act.
• plans or disability plans, which include health insurance plans.

Summary: Senate Commerce first took up three gubernatorial appointments and sent all three to the Senate floor with recommendations for confirmation: Salvador Cruz as director of the Department of Finance, Nora Carpenter to the Idaho Health Insurance Exchange Board, and Gregory Donica to the same board. Each motion passed without opposition. The committee then received an annual update from Pat Kelly, executive director of Your Health Idaho. He reported record enrollment activity, including more than 139,000 selections in open enrollment 2025 and over 144,000 in open enrollment 2026, with most enrollees receiving tax credits and many working with agents or brokers. Kelly said the exchange remains financially self-sustaining, has low operating costs, and achieved strong customer satisfaction scores. Members asked about rising premiums, the shift toward bronze plans, and enrollment timing; Kelly and later Insurance Director Dean Cameron said Idaho premiums remain among the lowest nationally, helped by the 1332 reinsurance waiver, though affordability concerns are increasing. The committee also reviewed and approved one Department of Commerce pending rule docket and several Department of Insurance rule dockets under zero-based regulation. The Commerce rulemaking was described as a non-substantive cleanup that removed obsolete language, aligned definitions, and adjusted some grant limits, including the Idaho GEM grant program. Insurance rule changes similarly focused on simplifying, clarifying, and removing duplicative statutory language across self-funded plans, long-term care insurance, small employer and individual health insurance, coordination of benefits, short-term health insurance, and managing general agents. The most notable policy-related change was the short-term health insurance docket, which was approved with an effective date upon adjournment to avoid a gap after a temporary rule expires; all dockets were approved unanimously.

Transcript Highlights:

• options. of companies writing health insurance right now.
• In a 2021 study, it was found that 50% of state insurance commissioners nationwide had joined the insurance
• That way, the insurance cost that we're trying to buy would be less.
• overall availability of insurance in the marketplace.
• It exempts TWIA from insurance premium maintenance taxes under .017.

Bills: SB1642 , SB1643 , SB2530

Committee: House Insurance

Keywords: Texas Department of Insurance, commission appointments, insurance regulation, oversight, consumer advocacy, insurance rates, property insurance, commercial automobile insurance, rate approval, consumer protection, windstorm insurance, Texas Windstorm Insurance Association, administrative penalties, coastal counties, 1184, house, all

Transcript Highlights:

• But they're also able to have insurance that will help cover that, where we don't have that type of insurance
• and insurance affordability.
• And, of course, property insurance on that, but liquor liability insurance here is just crazy right now
• They might do is get in touch with their insurance company and turn their defense over to that insurance
• And because they don't have insurance, I can't actually serve.

Bills: HB1977

Committee: House Consumer Protection & Business

Keywords: indemnification, liquor, commercial servers, liquor liability, business protection, 904, all

Transcript Highlights:

• It would show how insurance enrollment trends relate to premiums and reserve levels, insurers' financial
• It would it would show how insurance enrollment trends relate to premiums and reserve levels, insurers
• If you take the example of car insurance, we only pay 3.5% of our income in car insurance, whereas we
• We pay 3.5% of our income in car insurance, whereas we pay 35% of our income in health insurance.
• of their insurance type.

Committee: Joint Joint Committee on Financial Services

Keywords: 995, all

Summary: The committee held a public hearing with testimony on several health care bills, with most of the discussion focused on primary care access, community health center reimbursement, midwifery and birth centers, telehealth, hospital-at-home, direct primary care, and trans-inclusive health care access. Chair Feeney and Chair Murphy opened by noting the large number of signups and asking testifiers to keep remarks brief because of time constraints. Legislators and witnesses repeatedly emphasized that Massachusetts’ primary care system is under strain and that federal policy changes and reimbursement gaps are worsening financial pressure on providers. On community health centers, Representative Blay, Senator Lovely, Michael Curry, Bethany Keeley, Jag Deep Trevetti, Sean Cahill, and Christina Severin all supported H. 1096/S. 711, which would require commercial insurers to pay federally qualified health centers at least the MassHealth prospective payment system rate. They argued that commercial plans currently reimburse health centers below Medicaid rates, threatening sustainability, staffing, and access, especially as federal cuts and coverage losses could increase uncompensated care. Testifiers said the bill would stabilize health centers, protect primary care access, and not cost the state money. A second major topic was H. 1117/S. 784 on sustaining birth centers and the midwifery workforce. Senator Lovely, Senator Miranda, Emily Anesta, Rebecca Orden, Catherine Rushworth, Nishira Burrill, Joel Sutherland, Rachel Blessington, Joelle Ward, and others described the 2024 maternal health omnibus as an important first step, but said birth centers and midwives still face low reimbursement, workforce shortages, and financial instability. They urged reimbursement parity, a workforce development fund, and support for freestanding birth centers, citing improved outcomes, lower C-section rates, better patient experience, and racial equity in maternal health. Several speakers shared personal birth stories and said the bill would help preserve and expand birth options in communities like Roxbury, Worcester, and the North Shore. The committee also heard support for H. 1343 on direct primary care from Dr. Garofalo, Dr. Altman, Dr. Nair, Stephanie Cameron, Dr. Haley Moke-Blessed, and others, who said current insurance rules force patients to use a separate in-network primary care doctor for referrals and sometimes prevent physicians from dispensing medications. They argued the bill would reduce delays, administrative burden, and costs while improving continuity of care. In addition, Dr. Miklides and Sue Stempeck supported H. 1141 on hospital-at-home parity, saying the model has strong outcomes and should be reimbursed at the same rate as brick-and-mortar hospital care. Heather Myers and Katrina Cook testified on telehealth and digital health equity, urging broader coverage for asynchronous care, remote monitoring, interpreter services, and digital literacy supports. SEIU Local 509 supported H. 1188/S. 681 on trans-inclusive health care access, saying it would remove arbitrary insurance barriers to gender-affirming care. No votes or committee actions were taken during the hearing.

Transcript Highlights:

• And it's done safely; it's insured.
• insurance policies.
• of Insurance Commissioners.
• Increased rates and reduced coverage from private insurers will exacerbate the cost of insurer of last
• Second, insurance is getting more expensive in the state, and insurers are leaving the state.

Bills: SB 21 , SB21 , SB72 , SB140 , SB262 , SB370 , SB372 , SB495 , SB627 , SB703 , SB764 , SB842

Committee: Senate Business & Commerce

Keywords: emergency alerts, weather alerts, public safety, local government, municipality, county, website posting, online notice, emergency management, disaster preparedness, evacuation, National Weather Service, NOAA, Texas Division of Emergency Management, TDEM, localized alerts, hazard warnings, severe weather, watch warning advisory, public information

Transcript Highlights:

• A recent study from Massachusetts all-payer insurance claims data estimates...
• I've drafted an article with an insurance vice president about that, in fact.
• Therapy is a covered service in insurance plans.
• This proposal would not substantially increase costs for insurers.
• that rule across the board to GIC, MassHealth, and private insurers.

Committee: Joint Joint Committee on Financial Services

Keywords: 995, all

Summary: The committee held a hearing on a large group of behavioral health and insurance-related bills. Topics included expanding access to mental health services by allowing physician assistants to authorize Section 12 emergency holds and be recognized as licensed mental health professionals (H. 1131/S. 773); improving coverage for community behavioral health centers so commercial insurance matches MassHealth’s bundled outpatient and crisis services (H. 1276/S. 703); eliminating cost sharing for certain behavioral health services (S. 718); extending detox and clinical stabilization coverage from 14 to 30 days and adding transitional support services (H. 1319/S. 772); requiring coverage for dual-diagnosis treatment in psychiatric facilities (H. 1277/S. 771); and preserving access to treatment for serious mental illness through coverage of coordinated specialty care and assertive community treatment (H. 1135/S. 709). The committee also heard bills on preventive behavioral health services for children (H. 1228/S. 802) and post-pregnancy mental health care, including postpartum depression and pregnancy loss-related care (H. 1314/S. 823).

Transcript Highlights:

• Term life insurance provides coverage for a set number of years and pays out as long as a... ...insurance
• The bill before you requires insurers issuing individual life insurance policies to send a written notice
• The bill also provides requirements for insurers in notifying the insured of their rights to designate
• For background, pet insurance is property insurance that ...to zero.
• How many insurers provide pet insurance? Do you know? Is that?

Summary: The Senate Business, Trade, and Economic Development Committee heard public testimony on several House bills. HB 2624 would expand an existing exemption in the solicited real estate transaction law to allow public entities to solicit and buy real property for any public purpose, and also for Indian tribes and nonprofit nature conservancy organizations; the sponsor said the bill is meant to fix an omission from last year’s law, while a forest landowners group opposed it as creating a loophole for low-ball offers to vulnerable owners, and Trust for Public Land supported it as a different kind of transaction with existing appraisal and public-process protections. HB 2334 would create a cash-transaction rounding system to address the end of penny minting; staff said rounding would apply after tax and be permissive for sellers, with immunity and preemption provisions, and retailers and grocery groups supported it as a practical solution to penny scarcity, while members asked about signage and mixed-tender transactions. The committee also heard HB 1269, which would shorten pawn loan terms from 90 to 60 days, raise interest and fee caps, increase storage fees, and allow online payments for extensions. Pawn industry witnesses and the sponsor said the changes are modest, overdue, and needed to reflect inflation and operating costs while serving unbanked customers; some senators questioned whether the combined changes would more than double costs for borrowers, and industry witnesses said they were willing to work on the numbers. HB 2428 would require insurers to send advance lapse notices for individual life insurance policies to policyholders and a designated third party, with proof of delivery, to prevent unintended lapses; the sponsor, the Insurance Commissioner’s office, life insurers, AARP, and a business group all supported the consumer protection goal, though insurers noted added compliance costs and the bill’s delayed effective date for new policies. Finally, the committee heard HB 1078 on pet insurance, which would bar cancellation or nonrenewal based on a pet’s age or conditions that develop during the policy term and would restrict certain affiliate-policy transfers; the Insurance Commissioner’s office strongly supported it as a consumer protection measure, and staff noted a fiscal impact estimate and a new fiscal note request. The committee also took testimony on HB 2624 from both supporters and opponents, and on HB 2334 and HB 1269 from industry and public witnesses, but no votes were taken in the meeting. The chair closed public testimony and adjourned the committee after hearing all scheduled bills.

Transcript Highlights:

• But unfortunately, the federal law does not cover life insurers, long-term care, or disability insurers
• She said, secure life insurance now before you get tested.
• She said, secure life insurance now before you get tested.
• I have pretty good insurance.
• Third, this bill does not undermine the insurance market.

Committee: Joint Joint Committee on Financial Services

Summary: The Joint Committee on Financial Services held a fully virtual public hearing because the State House was closed due to the prior day’s blizzard and ongoing cleanup and travel concerns. Chairs Paul Feeney and James Murphy opened by thanking first responders, DPW crews, plow operators, healthcare workers, and others who responded to the storm, and they explained the hearing was kept on schedule because of upcoming reporting deadlines. The committee heard testimony on H. 5112, An Act Prohibiting Genetic Discrimination, and also noted two other bills on the docket: H. 4914, An Act Relative to the Massachusetts Uniform Commercial Code, and S. 2921, An Act Relative to Travel Insurance. Representative Dave Rogers testified in support of H. 5112, joined by constituent Robin Biggs, who described her experience as a BRCA2 mutation carrier and said she was advised to secure life insurance before genetic testing because results could affect coverage. Biggs said genetic knowledge helped her make preventive health decisions, but she and others fear financial discrimination if insurers can use genetic information. Lindsay Jack of the ALS Association also supported the bill, arguing that people should not have to choose between learning about their health risks and protecting their financial future, and saying the measure would encourage testing and early intervention without harming the insurance market. Lisa Schlager of FORCE likewise backed the bill, saying many people with hereditary cancer risks avoid testing because of insurance concerns and that the federal law does not fully protect against discrimination in life, long-term care, and disability insurance. Committee members asked questions about whether insurers currently request genetic testing information and whether such information is used in underwriting. Testifiers said insurers routinely ask about genetic testing or obtain the information from medical records, and that the bill would prohibit using genetic test results in underwriting and would prevent insurers from requiring testing. No votes were taken; after testimony concluded and no additional witnesses came forward, the chairs closed the hearing and adjourned the meeting.