Video & Transcript : 'captive insurers' :
Page 84 of 500
ID
Idaho 2026 Regular Session
Agenda Feb 12th, 2026
Transcript Highlights:
- Pretty simple bill; it's just simply allowing additional flexibility for insurance companies as they
- Pretty simple bill, it's just simply allowing additional flexibility for insurance companies as they
- Senate Bill 1262 would allow additional flexibility for insurance companies as they make investments,
- Idaho Code Title 41, Chapter 7 addresses investments by insurance companies.
- We have reviewed Senate Bill 1262 with Director Cameron at the Insurance Department.
Summary:
The Senate Commerce Committee heard several bills and resolutions and took action on each. RS 23-983, a dietician licensure compact, was introduced by Senator Cook; he said the compact has already been enacted in 15 states and would not give the compact authority over Idaho law or licensing standards. After questions about sovereignty, the committee voted to send it to print. The committee also advanced Senate Bill 1265, a code cleanup measure tied to the DOGE Task Force that removes outdated provisions related to the Petroleum Clean Water Trust Fund, and RS 33125, which would recognize a homeschool high school diploma as equivalent to a standard diploma or GED for professional and occupational licensing purposes. RS 33153, sponsored by Senator Nichols, would create Idaho consumer protection standards for paid assistance to veterans filing federal benefits claims, including disclosure, fee limits, and bans on deceptive practices; it was also sent to print.
The committee approved minutes from February 3 and February 5, 2026. It then heard Senate Bill 1261, which would allow certain retired PERSI members appointed to fill elected local offices after a vacancy to keep their existing retirement benefits if they meet the bill’s conditions. Senator Lakey and Sheriff Getz said the measure is intended to treat appointed officials the same as elected ones in this context, and noted support from sheriffs, counties, cities, and no objection from PERSI. The bill was sent to the floor with a due pass recommendation.
Finally, the committee heard Senate Bill 1262, which would give insurance companies more flexibility in miscellaneous investments by replacing a confusing lesser-of standard with a clearer 10% of assets allowance. Senator Guthrie and United Heritage Life’s Jeff Niemeyer said the change would help insurers diversify, reduce risk, and potentially improve returns for policyholders; the Department of Insurance had no concerns. The committee voted to send the bill to the floor with a due pass recommendation, then adjourned.
WY
Wyoming 2026 Regular Session
Senate Floor Session-Day 3, February 11, 2026-PM
Wyoming Senate Floor Meeting
Transcript Highlights:
- Committee and Workers' Insurance Committee and Workers' Compensation Insurance Committees.
- Understandably so, but we have no focus on insurance and developing insurance expertise.
- </c><00:42:50.160><c> Um</c> on the insurance front. Um on the insurance front.
- </c> taking part on this insurance front, Mr. taking part on this insurance front, Mr.
- </c> be better connected to the insurance be better connected to the insurance industry<00:47:04.320>
MN
Minnesota 2025-2026 Regular Session
House Health Finance and Policy Committee 3/19/25
Health Finance and Policy
Transcript Highlights:
- insurance dropped over time either.
- ><c> the</c><00:54:46.160><c> less</c> insurance coverage for the less insurance coverage for the less
- </c> higher cost is borne by all insured higher cost is borne by all insured members.<01:02:15.200><c
- plan, and self-insured plans.
- ,</c> medical providers and health insurers, medical providers and health insurers, this<01:40:51.440
Committee:
House Health Finance and Policy
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Jan 14th, 2026 at 02:14 pm
House Appropriations & Finance
Transcript Highlights:
- DFA recommended an increase for property insurance premiums.
- And we think it's critical for us to be able to pay the group insurance, the group health insurance premiums
- Both recommendations support funding for increased insurance costs.
- And so the insurance pays Are most of the complaints paid?
- The judges who pay for the insurance, the insurance costs are for the private attorneys or defense against
Committee:
House House Appropriations & Finance
KY
Kentucky 2026 Regular Session
House Standing Committee on Banking and Insurance. (3-25-26)
Banking & Insurance
Transcript Highlights:
- This time we'll call the seventh meeting of the House Standing Committee on Banking and Insurance to
- And I want to thank the insurance industry people, Hope, that's part of the group, and Dustin Miller
- </c><00:03:33.800><c> industry</c><00:03:34.680><c> and</c> health insurance industry and health insurance
- </c><00:08:21.200><c> company</c> justified and the insurance company justified and the insurance company
- </c> Insurance Committee for this session. Insurance Committee for this session.
Committee:
House Banking & Insurance
ID
Transcript Highlights:
- I'm the Director of the Idaho Department of Insurance.
- I'm the Director of the Idaho Department of Insurance.
- This one has to do with the Individual Health Insurance Availability Act.
- Again, Dean Cameron, Idaho Department of Insurance.
- My name is Dean Cameron, Director, Idaho Department of Insurance.
Committee:
House Business
TX
Texas 89th Regular
Trade, Workforce & Economic Development Apr 2nd, 2025
Trade, Workforce & Economic Development
Transcript Highlights:
- The intention is to encourage them to obtain renter's flood insurance, keeping in mind that renter's
- flood insurance is normally different from standard renter's insurance.
- I am aware that unemployment insurance benefits are an attractive target for these schemes.
- And third, it will create a more solvent Unemployment Insurance Trust.
- Eric Holland with the Texas Workforce Commission, I'm the insurance director.
Bills:
HB 112 , HB199 , HB621 , HB1349 , HB2214 , HB3466 , HB3698 , HB3699 , HCR9 , HB112 , HB199 , HCR9
Keywords:
science park district, economic development, technology innovation, higher education collaboration, infrastructure development, Texas Economic Development Office, workforce development, unemployment benefits, state average unemployment rate, benefit year, economic support, Texas Workforce Commission, property owners' association, free speech, assembly rights, government officials, political candidates, floodplain, landlord, tenant
MN
Minnesota 2025-2026 Regular Session
House Commerce Finance and Policy Committee 4/2/25
Commerce Finance and Policy
Transcript Highlights:
- Article two is insurance.
- insurance insurance plan.
- Apeso, or Minnesota's auto insurance plan, offers auto insurance coverage for these drivers.
- Apeso, or Minnesota's auto insurance plan, offers auto insurance coverage for these drivers.
- Apeso, or Minnesota's auto insurance plan, offers auto insurance coverage for these drivers.
Committee:
House Commerce Finance and Policy
Keywords:
medical cannabis, cultivation, cannabinoid products, plant canopy, Minnesota statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance
MN
Transcript Highlights:
- </c><00:29:11.480><c> costs,</c> be the increasing of insurance costs, be the increasing of insurance
- Uh, in my insurance agency, I probably got 4 to 500 seniors insured through Medicare supplements.
- </c> of insurance products specifically. of insurance products specifically.
- If an insurer is deemed...
- </c> financial information from insured. financial information from insured.
MN
Minnesota 2025-2026 Regular Session
More drugs approved for opioid use disorder 2/23/26
Minnesota House Floor Meeting
LA
Transcript Highlights:
- This is a meeting of the Insurance Committee. Today is May 13th, 2026.
- This is a meeting of the Insurance Committee.
- The insurance department can do reverse auction. That's what the original bill did. Okay.
- I do have a lot of experience as a lawyer with health insurance in particular and insurance in general
- Tim Temple, Commissioner of Insurance, Great State of Louisiana.
Committee:
Senate Insurance
Summary:
The Senate Insurance Committee met on May 13, 2026, adopted the May 6 minutes, and then took up several bills dealing with pharmacy benefit managers, prescription access, behavioral health coverage, and Citizens Property Insurance. HB 938, as amended, was the main PBM reform measure. After the committee adopted a large amendment set that narrowed the bill, members heard extensive testimony in support from Mark Bloom, Justin Joseph of Capital Rx, and Kathy Ue of Pontchartrain Cancer Center, all emphasizing transparency, pass-through pricing, reverse auctions, and patient access. Supporters described savings from reverse auctions and administrative models, while the cancer center testified that PBM-owned specialty pharmacy requirements can delay cancer medications and create financial hardship. The committee reported HB 938 favorably with amendments.
The committee also heard HB 1154, which prohibits prior authorization for certain generic medications prescribed by qualified physicians, with a $250 cap discussed as a safeguard against higher-cost generics. The bill was supported by representatives from Ochsner Health and the Louisiana State Medical Society and was reported favorably. HB 909, which requires commercial coverage for behavioral health crisis services, was amended to clarify the insurers covered and then reported favorably with support from the Office of Behavioral Health and several outside groups. Testimony on HB 909 focused on reducing emergency room and law enforcement burdens and expanding crisis response capacity across the state.
HB 1187, dealing with excess emergency assessment funds from Louisiana Citizens Property Insurance Corporation, was explained by the Insurance Commissioner as a way to transfer remaining Katrina-era assessment funds to the Fortified Roof Program. The committee reported the bill favorably. Finally, SB 511 and SB 512 were deferred and converted into a study resolution approach because there was not yet consensus on the underlying issue. The meeting then adjourned.
FL
Transcript Highlights:
- unemployment really is insurance.
- Don't increase our insurance premiums. The legislature said yes.
- unemployment really is insurance.
- Don't increase our insurance premiums. The legislature said yes.
- If you want to use the word insurance, this is no different.
Committee:
Senate Commerce and Tourism
Summary:
The Commerce and Tourism Committee first heard SB 410, which would add current and former licensed private investigators, and their spouses and children, to the list of people whose home address, phone number, date of birth, photographs, and related family information are exempt from public records disclosure. Sponsor Senator Trunow said the exemption is meant to protect investigators who work on sensitive matters such as fraud, missing persons, human trafficking, and abuse cases and may face retaliation. After a technical amendment was adopted, the committee heard testimony from a private investigator describing threats and safety concerns, then voted to report the bill favorably as CS/SB 410.
The committee then took up SB 216 on reemployment assistance eligibility verification. Senator McClain said the bill is intended to combat unemployment fraud by requiring claimants to contact five prospective employers per week, appear for scheduled interviews, and undergo regular identity, immigration, employment, and incarceration checks, with fraud information shared among agencies and published annually. Opponents, including labor advocates and representatives of construction and rural workers, argued the bill would add barriers for legitimate claimants, worsen Florida’s already low recipiency rate, and create problems for seasonal, rural, and transportation-limited workers. Supporters said the system needs stronger fraud controls and that employers and taxpayers bear real costs from noncompliance. The committee reported SB 216 favorably after debate.
In routine open-government sunset review business, the committee approved two committee bills. SPB 7014 extends for five years a public records exemption tied to Department of Legal Affairs investigations of a social media standards law, with staff noting the exemption has not been used because of ongoing constitutional litigation. SPB 7016 preserves a public records exemption for certain financial information held by an economic development agency when administering state or federally funded small business loan programs; supporters said the exemption protects applicants from fraud and harassment, while Senator Smith said he would vote no to remain consistent with his prior opposition. Both measures were submitted as committee bills and reported favorably, and the committee adjourned.
HI
Transcript Highlights:
- Uh on behalf of the Insurance Division.
- </c> Insurance Association with comments. Insurance Association with comments.
- This measure relating to insurance.
- </c> suspending, and revoking an insurance suspending, and revoking an insurance producer<00:31:33.280
- </c> non-renewal of a property insurance non-renewal of a property insurance policy.
Committee:
Senate Commerce and Consumer Protection
Keywords:
consumer protection, unsolicited mail, unsolicited email, junk mail, spam email, deceptive marketing, misleading solicitation, high-pressure sales, vehicle warranty, auto warranty, service contract, home warranty, license renewal, registration renewal, government impersonation, affiliation disclosure, direct mail, email marketing, consumer fraud, refund
Summary:
The committee heard several consumer-protection and insurance measures. HB 1511 HD2 would prohibit unsolicited mail or email using high-pressure tactics or falsely implying affiliation with another entity; it drew support from the Office of Consumer Protection, the DCCA Insurance Division, and the Service Contract Industry Council, with some written support and at least one opposition. HB 1535 HD2, concerning automated external defibrillators and a tax-related provision for devices installed in certain public accommodations, received comments from DOTAX and the Tax Foundation, with additional support from the Department of Health and other groups. HB 1642 HD1 would ban ownership or operation of digital financial asset transaction kiosks that accept U.S. currency; it was strongly supported by OCP, the Attorney General, and AARP, while kiosk operators and industry representatives opposed the ban and urged a regulatory approach instead, including licensing, transaction limits, refunds, and other safeguards. Members questioned whether federal action could preempt the bill and whether a licensure regime could be funded through a surcharge, but no action was taken during the discussion.
The committee also took up HB 1753 on social media account deletion and permanent erasure of personal information, with OCP standing on its initial comments and TechNet and Will Caron in support. HB 1810 HD2 would impose prompt payment and financial reporting requirements on professional solicitors selling donated tangible property on behalf of charities; Goodwill Hawaii testified in strong support, emphasizing donor trust and transparency, and several nonprofit and business groups submitted supportive testimony. HB 2282 HD1, which would require explanations for premium increases and clarify insurance licensing and cancellation/non-renewal procedures, was supported by the Insurance Division and OCP; a vice chair asked for complaint data related to condo associations, and a member noted that the same agencies had previously opposed similar Senate bills. Finally, HB 2614 HD1 would require cosmetics merchants to accept returns of new or unopened goods within specified time frames and improve signage requirements; OCP said the bill addressed longstanding complaints about high-pressure sales tactics and no-return policies, citing over 180 complaints and survey results showing most complainants did not understand the policy and felt misled.
LA
Louisiana 2026 Regular Session
Labor and Industrial Relations Mar 19th, 2026
Labor & Industrial Relations
Transcript Highlights:
- Taking care of part of the cost of the health insurance.
- Old Republic Insurance Company.
- Smith would be covered under Turner's workers' comp insurance.
- I'm not going to provide them with workers' comp insurance.
- You have an independent contractor who has no insurance.
Committee:
House Labor & Industrial Relations
Summary:
The committee first adopted prior meeting minutes and voluntarily deferred three bills before taking up House Bill 232, which would shift the employment-certificate process for minors away from school boards and to Louisiana Works. Rep. Carlson said the bill is intended to reduce burdens on schools and make it easier for 16- and 17-year-olds to work, especially in the summer. A youth advisory council testified in support, describing the current process as cumbersome for students and families. The committee adopted amendments, including a change making the bill effective upon the governor’s signature, and then reported HB 232 favorably with amendments.
The committee next considered House Bill 951, creating an Office of Talent Accelerator within Louisiana Works and a Business Workforce Committee to coordinate employer-facing workforce services. Rep. Bamberg and Secretary Susie Schowen described it as a centralized, regional, business-facing effort to respond more quickly to workforce needs tied to major economic development projects, while also supporting existing small and mid-sized businesses. Supporters, including Bollinger Shipyards and Leaders for a Better Louisiana, said similar models in Mississippi had helped expand training pipelines and better match employers with workers. The committee adopted a large amendment set and reported HB 951 with amendments.
House Bill 923, a cleanup measure reorganizing Louisiana Works statutes and updating language after last year’s agency restructuring, was then adopted with technical amendments and reported with amendments. The committee also took up House Bill 301, which would create a voluntary portable-benefits framework for independent contractors and gig workers. Supporters said it would give contractors a way to negotiate benefits such as health care or retirement contributions, while opponents warned it could encourage misclassification, weaken workers’ compensation protections, and shift costs to workers and the state. After debate, the committee adopted amendments and reported HB 301 with a 6-5 vote.
Finally, House Bill 185 was introduced as a workers’ compensation measure to expand the definition of independent contractor and restore tort immunity for employers in certain contract-labor situations. The sponsor said it was part of the Attorney General’s package and aimed at addressing a recent court decision; the bill was just beginning discussion when the transcript ended.
CA
Transcript Highlights:
- It will also require insurance companies to report network adequacy.
- or funds their insurer owns.
- Today, health insurers; tomorrow, banks, more nonprofits, you name it.
- Pregnancy does not wait on an insurance enrollment calendar.
- Pregnancy does not wait on an insurance enrollment calendar.
Committee:
Senate Health
NH
New Hampshire 2025 Regular Session
Committee of Conference on HB 1, HB 2 (06/12/2025)
Transcript Highlights:
- There was 15 million more in lottery insurance—that's what it was, lottery insurance, thank you—yeah,
- 15 more in insurance.
- </c> need for certain types of insurance need for certain types of insurance coverages<00:42:30.800><
- Insurance Department. Okay.
- Insurance Department on row 32, administration. This is funding a position at Insurance.
Summary:
The Committee of Conference on HB 1 and HB 2 was called to order, and Legislative Budget Assistant Michael Kaine reviewed the working documents before the committee. He explained the compare report, the detailed change sheet, the HB 1 index, the HB 2 side-by-side, the surplus statement, and a revenue handout, noting that the committee would vote up or down on all detail-change items and that unresolved items on hold would be removed from the final bills. He also identified staff available to answer technical questions and noted that the committee would track the dollar impact of decisions as it proceeded.
Members then turned to the revenue outlook, with discussion focused on the gap between the House and Senate budget positions. House members said their budget guidance was based on revenue estimates that were significantly below the governor’s proposal, and they discussed whether additional revenue could close part of the gap. Department of Revenue Administration Commissioner Lindsey Stepp presented updated revenue estimates based on May data, explaining the methodology and the ranges for fiscal years 2025, 2026, and 2027. She said business taxes were the largest source of uncertainty, with estimates reflecting current economic conditions, recent revenue performance, and a range of possible growth rates.
Committee members questioned the assumptions behind the business-tax ranges, including why the low and high scenarios were set at 2% and 8% growth. Stepp said the range was based on historical performance and current economic factors such as inflation, tariffs, and business behavior, and she noted that June is a major estimate-payment month for business taxes. Members also discussed recent revenue trends, including the effect of tariffs and the possibility of federal tax policy changes affecting repatriated profits. The commissioner and House members also discussed other revenue sources, including rooms and meals and real estate transfer taxes, with the House side arguing that lower mortgage rates and home prices could increase real estate transfer revenue. No votes were taken in the portion provided, but the committee discussed possible upward adjustments to House revenue assumptions, including increases of roughly $70 million in total based on the updated outlook and additional insurance-related revenue.
MN
Minnesota 2025-2026 Regular Session
Conference Committee on H.F. 4188 - Omnibus Commerce and Consumer Protection - Part 1 - 05/13/26
Transcript Highlights:
- </c><00:02:22.920><c> Chair</c> limited lines travel insurance.
- insurance insurance provisions. provisions. provisions.
- 00:09:47.800><c> health</c><00:09:48.000><c> service</c> insurers and nonprofit health service insurers
- </c><00:10:33.840><c> And</c> health insurance oversight duties.
- And health insurance oversight duties.
Summary:
The committee took up H.F. 4188, the Commerce and Consumer Protection Policy Omnibus, and moved through a series of agreed-upon motions to adopt various House and Senate language articles and sections. The adopted provisions covered a wide range of topics, including residential mortgage loan servicing standards, student loan borrower protections, rental home marketplace guarantees, group coverage cancellation, limited lines travel insurance, insurance lead generators, collection agency and credit services organization definitions, proof of identification requirements, scrap metal copper licensing, technical changes to ASTM references and report filings, securities-related provisions, unclaimed property issues involving virtual currency and funeral prepayment funds, repeal of the prescription drug affordability advisory council, reinsurance program changes, and health insurance reporting and oversight provisions. Most motions were adopted without opposition after brief staff explanations and member encouragements to vote yes.
In the health-related sections, the committee adopted language requiring insurers and nonprofit health service plan corporations to notify the Commissioner of Commerce about significant enrollment increases, expanding access to all-payer claims data for oversight, and requiring the sharing of PBM annual transparency reports with the Commissioner of Health. The committee also adopted language on artificial intelligence in utilization review, initially defining AI and prohibiting exclusive reliance on AI for adverse coverage determinations. Representative Elkins then offered an amendment to remove the specific AI definition and replace it with broader language referring to automated processing, arguing that technology-neutral drafting is more durable and that a human must remain in the loop for coverage denials; the amendment was adopted.
After the agreed-upon items were completed, members indicated the chairs would huddle to work on the remaining issues and return after recess. The meeting then recessed to the call of the chair.
FL
Transcript Highlights:
- The Committee on Banking and Insurance will now come to order. Amora, please call the roll.
- Basically, what we're doing is... ...electronic insurance or eyewear insurance or both.
- We have Tim Meehan, National Association of Insurance and Financial Advisors, waving in support.
- Murphy, Board Association of Insurance Agents, waving in support.
- The bill requires families to maintain comprehensive health insurance.
Committee:
Senate Banking and Insurance
Keywords:
virtual currency, kiosks, money services business, regulation, financial services, consumer protection, cryptocurrency, registration, payment scams, task force, fraud prevention, property insurance, roofing requirements, inspector, insurance policies, homeowners insurance, roof age, residential structures, insurance renewal, investment
Summary:
The Committee on Banking and Insurance met with a quorum present and took up a series of bills, beginning with SB 1286 by Senator Wright. That bill expands the law enforcement recruitment bonus program to include firefighters, creates a DFS grant review panel for fire-related grants, and establishes an institute for PTSD and first-responder behavioral health. Testimony from fire chiefs and others supported the measure, and the committee reported it favorably.
The committee then considered several insurance and financial regulation bills. CS/SB 198 by Senator Rousan, as amended, regulates virtual currency kiosks with transaction limits, notice and receipt requirements, and OFR enforcement authority; witnesses described it as a needed anti-fraud measure, especially for seniors, and it was reported favorably. CS/SB 772 by Senator Burgess, as amended, allows limited licenses for portable electronics and eyewear insurance, and CS/SB 1504 by Senator Claudio, as amended, creates a pathway for high school students to qualify for insurance customer representative licensure; both were reported favorably.
The committee also approved two cryptocurrency reserve bills by Senator Gruters: CS/SB 1038 creates the Florida Strategic Cryptocurrency Reserve framework, and CS/SB 1040 creates the related trust fund; both received technical amendments and favorable reports. CS/SB 1440 by Senator Martin, as amended, creates public records exemptions and cybersecurity reporting provisions for financial institutions and related entities, and it was reported favorably. Finally, SB 1668 by Senator Burton, which updates the NICA program’s funding and benefit structure, and CS/SB 570 by Senator Polsky, which creates a task force on payment scams, were both heard with supportive testimony and reported favorably. Senators later recorded additional affirmative votes on selected bills before the committee adjourned.
WV
West Virginia 2026 Regular Session
WV Senate Workforce Committee in Session Jan 19th, 2026 at 12:59 pm
Transcript Highlights:
- makes up about 12%, and then this one niche long-term care insurance is 1%.
- I will give my little pitch right now for long-term care insurance.
- The difficulty is insurance actuarial; it wasn't making sense, so most insurance companies have left
- It wasn't making sense, so most insurance companies have left the market on long-term care insurance,
- But sadly, we rely upon insurance companies to offer the policies.
Summary:
The committee met with a quorum present and heard a presentation from Marty Wright, CEO of the West Virginia Healthcare Association, on the state’s long-term care system. He described the continuum from home care to assisted living to skilled nursing facilities, emphasizing that these settings increasingly serve short-term rehab-to-home patients as well as older adults needing round-the-clock care. He also outlined the number of facilities in West Virginia, the predominance of Medicaid as the payer for long-term nursing home care, the private-pay nature of assisted living, and the role of OFAC/CMS in regulation.
A major focus of the presentation was workforce shortages and turnover, especially for CNAs, LPNs, and RNs, along with declining interest in nursing careers and the impact of regulatory burden and burnout. Wright said the system is also struggling to serve younger patients with substance use disorder, mental illness, or other behavioral needs, who are often not well suited for traditional nursing home placement but have limited alternatives. Senators raised concerns about where such patients are being housed, the long-term effects of opioid and behavioral health issues, and the gap between school-age special needs populations and adult care needs.
Wright said Medicaid can cover long-term nursing home care for those who meet financial and medical eligibility requirements, but affordability and spend-down requirements remain major barriers. He also warned that Medicare Advantage can create confusion and shorter covered stays for rehab patients, and he urged early planning around long-term care insurance and estate planning. No votes were taken on the presentation, and the committee adjourned after questions and discussion.
FL
Florida 2026 Regular Session
FL House Floor Session - 2026-02-04 (4:00PM Session)
Florida House Floor Meeting
Transcript Highlights:
- The question raised is whether Florida property insurance premiums are going toward keeping insurance
- Specifically, the bill requires property insurers to submit documentation to the Office of Insurance
- Property insurers will have the responsibility to notify the Office of Insurance Regulation a minimum
- OIR may prohibit the arrangement if it is not in the best interest of the insurer.
- The funds will be paid from Miami-Dade County's self-insurance fund.