Transcript Highlights:

• </c> mandates in the fully insured market. mandates in the fully insured market.
• </c> in the full insurance market. Thank you. in the full insurance market. Thank you.
• large group market. fully insured large group market.
• <c> um</c> self-insured Orisa market, Medicare, um self-insured Orisa market, Medicare, um you<00:15:
• </c> insurance through the individual market. insurance through the individual market.

Bills: HF3388, HF400

Keywords: HF3388, Minnesota premium security plan, reinsurance, health insurance, group health carriers, MCHA, MNsure, individual market, premium stabilization, carrier assessment, health insurance assessment, premium security plan account, state innovation waiver, high-risk pool, reinsurance payments, healthcare premiums, insurance carriers, deferral of assessment, financially impaired condition, HF400

Transcript Highlights:

• The Premium Security Plan has been one of the few proven tools to stabilize the individual market.
• I'm offering you an opportunity to be able to balance that and keep stability in the market.
• I'm offering you an opportunity to be able to balance that and keep stability in the market.
• I'm offering you an opportunity to be able to balance that and keep stability in the market.
• Many were enacted for insured market.

Bills: HF4502, HF3388, HF4106, HF400, HF4138, HF4118, HF4203

Keywords: trusted contact, financial exploitation, elder abuse, elder financial abuse, fraud prevention, financial institution, banking, credit union, broker-dealer, account security, dormant account, consumer protection, scam, suspicious activity, protective services, law enforcement reporting, Minnesota Statutes chapter 45A, HF3388, Minnesota premium security plan, reinsurance

Transcript Highlights:

• Minnesota has seen a number of insurers leave our state market in the last couple of years, and we are
• in</c><00:10:40.120><c> the</c> insurers leave our state Market in the insurers leave our state Market
• cost and, in the case of HOAs, insurance availability is having on the housing market and those trying
• </c> the cost pressures of the insurance the cost pressures of the insurance Market<00:35:11.280><c>
• First and foremost, consumers purchasing insurance in the standard market will be forced to subsidize

Bills: HF2228, HF46, HF856, HF2149, HF2215

Keywords: homeowners insurance, property insurance, commercial property insurance, insurance affordability, insurance market stabilization, reinsurance, catastrophic reinsurance fund, self-insured pool, premium costs, coverage notice, liability reform, climate risk, climate change, housing affordability, multifamily housing, rental housing, common interest communities, cooperatives, small business insurance, Minnesota Commerce Department

Transcript Highlights:

• And we have a bill in front of us that talks about insurance later today and the cost of insurance going
• And we have a bill in front of us that talks about insurance later today and the cost of insurance going
• A good marketer would turn this around and make a lot of money.
• The market is, Mr. Carlson, they're already figuring that out.
• Carlson, they're The market is Mr.

Bills: HF1392, HF2233, HF695, HF2228, HF1289

Keywords: consumer protection, restitution, attorney general, consumer enforcement, unclaimed funds, victim compensation, settlement funds, special revenue fund, general fund, restitution account, consumer fraud, state treasury, eligible consumers, distribution of funds, tax subtraction, income tax, refund, unpaid compensation, Minnesota Department of Revenue, consumer redress

Transcript Highlights:

• c> segment of the fully insured Market segment of the fully insured Market individual<00:20:31.760><c
• </c><00:43:07.599><c> mostly</c> insured Market this allows these mostly insured Market this allows these
• the</c> fully insured Market which is the fully insured Market which is the individual<00:53:10.920><
• private market, and the private market is both the self-insured market and the fully insured market.
• of the fully fully insured market and of the fully insured<01:00:32.240><c> Market</c><01:00:32.960>

Bills: HF747, HF1014, HF320, HF400

Keywords: corporate governance, shareholder rights, beneficial ownership, defective corporate acts, Minnesota Business Corporation Act, Minnesota Insurance Guaranty Association, MIGA, insurance guaranty fund, insurer insolvency, covered claim, net worth threshold, high-net-worth insured, financial information request, insurance claims, self-insured retention, deductible, commercial insurance, insurance regulation, Minnesota Statutes 60C.09, guaranty association

Transcript Highlights:

• “What I would say is, as insurance is generally a pass-through, meaning that the insurers are generally
• when a body shop and an insurance adjuster or insurance company could not agree on a loss value, to
• I want the free market to work and I want rates to stabilize.
• I really want to keep the free market and the competitive market open.
• related to homeowners insurance.

Bills: HB3048, HB3259, HB3646, HB3696, HB3780, HB3781, HB3802, HB3818, HB4294, HB4488, HB2929

Keywords: insurance, nonadmitted insurers, surplus lines, insurance regulation, Oklahoma, health insurance, contracting entities, medical providers, enrollment, beneficiary rights, property and casualty, rates, filing, Insurance Commissioner, regulation, property, regulations, actuary, rate filing, independent review

Summary: The committee heard a series of insurance-related bills, with much of the discussion focused on homeowners insurance rates, transparency, and regulatory oversight. House Bill 3696, a proposed rate-approval style measure for homeowners insurance, drew extensive questioning about whether it would actually lower premiums, its comparison to Texas, the role of the Insurance Department and Attorney General, and possible effects on carriers and agents. The author said the bill was intended to increase transparency and consumer protections, acknowledged it was a work in progress, and agreed to strike the title and keep working with the committee. The bill ultimately passed the committee on a recorded vote. The committee also advanced House Bill 3259, which would prohibit certain health care contract clauses such as all-or-nothing, anti-steering, gag, and most-favored-nation provisions; House Bill 4294, a follow-up to Dylan’s Law dealing with epilepsy-related insurance coverage and neurostimulator devices; and House Bill 4488, which would let the Insurance Commissioner appoint an impartial umpire when a body shop and insurer cannot agree on a loss value. House Bill 3646, a broad and still-developing insurance bill involving rate review, litigation, venue, AI use, and Attorney General involvement, generated substantial concern from members about workability, litigation, and agent exposure. Its author said it was not final, but the committee voted it down. Later, the committee passed House Bill 3048, a cleanup measure for surplus lines licensing laws; House Bill 3780, requiring an independent actuary review as a transparency measure; House Bill 3781, changing the timing from use-and-file to file-and-use with a 60-day review period while the author said he did not want rate approval; House Bill 3802, delaying rate adjustments after a spouse’s death until renewal; House Bill 3818, creating a home and auto savings account framework intended to help policyholders raise deductibles and lower premiums; and House Bill 2929, which limits how far back insurers may look at homeowners and auto claims for underwriting purposes. Most of these bills passed with little or no opposition after brief questioning.

Transcript Highlights:

• involved in insurance rates?
• The market will shift and move.
• I want the free market to work and I want rates to stabilize.
• My main goal is transparency and a stable market. Want rates to stabilize.
• I want to just keep the free market and the competitive market open.

Bills: HB3048, HB3259, HB3646, HB3696, HB3780, HB3781, HB3802, HB3818, HB4294, HB4488, HB2929

Keywords: insurance, nonadmitted insurers, surplus lines, insurance regulation, Oklahoma, health insurance, contracting entities, medical providers, enrollment, beneficiary rights, property and casualty, rates, filing, Insurance Commissioner, regulation, property, regulations, actuary, rate filing, independent review

Transcript Highlights:

• Establishing this program now sends a clear market signal to Washington as committed to the future of
• natural gas-driven fertilizer prices are volatile, so they follow the natural gas and fossil fuels markets
• As a brief reminder, Senate Bill 5919 is the bill that encourages fire districts and insurance providers
• heard last Wednesday that adds juice grapes as a covered agricultural product under the Agricultural Marketing
• This gives opportunities for the insurance companies to work together to create voluntary incentives

Bills: SB5919, SB5816

Keywords: fire safety, insurance incentives, best practices, community protection, voluntary measures, juice grapes, agriculture, commerce, state regulation, market access, 904, all

Transcript Highlights:

• So, are there any like independent appraisers that wouldn't be underneath an envelope of an insurance
• House Bill 2955 updates and modernizes the Oklahoma captive insurance company act.
• Insurance Association to improve the state's captive insurance framework.
• It's a bill that I've been working on with the insurance department since last summer.
• insurance.

Bills: HB3783, HB2955, HB3802, HB4488, HB2471, HB3781, HB3127

Keywords: HB3783, plumbing apprentice, endorsed apprentice, endorsed plumbing apprentice, journeyman plumber, plumbing license, Construction Industries Board, Committee of Plumbing Examiners, apprenticeship, trade license, vocational education, occupational licensing, professional licensing, Title 59, Plumbing License Law of 1955, licensure exam, journeyman examination, apprentice registration, plumbing industry regulations, administrative penalty

Transcript Highlights:

• Welcome to Business and Insurance.
• I mean, that is the contention that I've heard from insurance companies.
• And I get a discount through the insurance program that I use with my optometrist.
• The insurance commissioner has been involved all the way back in 24.
• That concludes business and insurance.

Bills: SB1303, SB1343, SB1435, SB1438, SB1444, SB1641, SB1765, SB1916, SB2067

Keywords: workers' compensation, workers comp, Oklahoma Workers' Compensation Commission, Administrative Workers' Compensation Act, self-insurance guaranty fund, multiple injury trust fund, physician advisory committee, advisory council on workers' compensation, workers' compensation court, insurance, employer liability, self-insured employer, fund transfer, records transfer, agency reorganization, statutory cleanup, technical corrections, Title 85A, SB1343, Vision Plan Contractual Requirements Act

Transcript Highlights:

• Meanwhile, the insurance companies are not actually issuing credit.
• I mean, that is the contention that I've heard from insurance companies.
• I mean, that is the contention that I've heard from insurance companies.
• The insurance commissioner has been involved all the way back in '24.
• That concludes Business and Insurance.

Bills: SB1303, SB1343, SB1435, SB1438, SB1444, SB1641, SB1765, SB1916, SB2067

Keywords: workers' compensation, workers comp, Oklahoma Workers' Compensation Commission, Administrative Workers' Compensation Act, self-insurance guaranty fund, multiple injury trust fund, physician advisory committee, advisory council on workers' compensation, workers' compensation court, insurance, employer liability, self-insured employer, fund transfer, records transfer, agency reorganization, statutory cleanup, technical corrections, Title 85A, SB1343, Vision Plan Contractual Requirements Act

Summary: The Business and Insurance committee met and first announced that several bills—1765, 1916, 1438, and 1444—would be laid over. The committee then considered Senate Bill 1303, which repeals an obsolete workers’ compensation advisory commission that members said is no longer needed after the state moved to a commission-based system; it passed 9-0. Senate Bill 1641 followed, clarifying that annual renewal notices for certain business certifications may be sent to the last known email address of record; it also passed 9-0. The committee then took up Senate Bill 1435, a property insurance measure responding to rising premiums. The author argued it would prohibit insurers from using credit scores in premium rating, citing examples of large rate differences tied to credit rather than driving or property risk. Members questioned whether banning credit scoring would shift costs to other policyholders, but the bill passed 5-3 after the title was struck. Senate Bill 1343, an optometry-related bill intended to ensure vision plan organizations and optometrists follow existing regulatory rules, drew questions about discounts and incentives but was described as not changing the current framework; it passed 8-1. Finally, Senate Bill 2067 was heard to help financial institutions more effectively report suspected financial exploitation of vulnerable adults and share information with Adult Protective Services or law enforcement more quickly. The author said the bill would remove legal barriers and improve scam prevention, especially for older adults. It passed unanimously 9-0. The chair then adjourned the meeting, noting the next meetings would be longer.

Transcript Highlights:

• This is for the middle people and healthcare insurance.
• you're talking about rate changes and our market.
• That's not true to the market as it stands now.
• market over certain years?
• I don't work for an insurance carrier.

Bills: SB1969, SB1953, SB1277, SB1287, SB1061, SB1916, SB1589, SB2178, SB1444, SB1438, SB1501, SB1873, SB1364

Keywords: massage therapy, licensing, multistate compact, regulation, healthcare, professionals, Employer Health Plan Transparency Act, health insurance, claims data, contract provisions, health care providers, auditable materials, HIPAA compliance, insurance regulation, unemployment benefits, employment security, work search, job search, reemployment, jobless benefits

Transcript Highlights:

• Insurance.
• People really do need stability.
• Would it surprise you that maybe Oklahoma companies have actually lost money in the insurance market
• All as an independent insurance agent. I don't work for an insurance carrier.
• from insurance companies.

Bills: SB1969, SB1953, SB1277, SB1287, SB1061, SB1916, SB1589, SB2178, SB1444, SB1438, SB1501, SB1873, SB1364

Keywords: massage therapy, licensing, multistate compact, regulation, healthcare, professionals, Employer Health Plan Transparency Act, health insurance, claims data, contract provisions, health care providers, auditable materials, HIPAA compliance, insurance regulation, unemployment benefits, employment security, work search, job search, reemployment, jobless benefits

Summary: The Senate Business and Insurance Committee met and first laid over Senate Bills 1969 and 1624 without hearing them. It then considered SB 1953, a health insurance transparency bill requiring third-party administrators to provide employers information on what was spent on employee health benefits; an amendment deleting the word “welfare” was adopted, and the bill passed 7-1. SB 1277, which codifies a three-week work-search requirement for unemployment benefits, passed 8-0. SB 1287, amended to change “may” to “shall,” would bar the Oklahoma Abstractors Board from licensing applicants not legally authorized to work in the U.S.; after questions about the need for the bill and the alleged loophole, it passed 7-2. The committee also passed SB 1061, a cleanup measure on mortgage broker licensing and renewal fees, and SB 1916, which would move the Oklahoma Receivership Office under the Insurance Department and streamline receivership operations. SB 1589, as amended to reference Indian Gaming Regulatory Act authorization, would increase penalties for illegal sweepstakes/gambling operations and expand enforcement against entities profiting from illegal gambling; it passed unanimously. SB 2178, a compromise special-event license bill requiring liability insurance coverage, also passed unanimously. Two major insurance reform bills were debated at length and failed. SB 1444 would shift homeowners insurance rate regulation from a use-and-file system to prior filing with authority for the Insurance Commissioner to declare rates excessive; after testimony from a homeowner about a large premium increase and extensive debate over regulation and market effects, it failed 4-5. SB 1438 would require reporting of underwriting gains and profits, cap average profits at 5% over three years, and require rebates or premium credits if profits exceeded that level; supporters argued it would protect consumers, while opponents warned of market disruption and reduced competition. It failed 2-7. The committee then passed SB 1501, clarifying medical marijuana grow reclamation bond requirements, SB 1873, correcting a drafting error in a prior bill and delaying its effective date, and SB 1364, requiring an affidavit of encumbrances before transferring a medical marijuana business license.

Transcript Highlights:

• in that market.
• </c> insurance. They can't afford it at all. insurance. They can't afford it at all.
• ><c> market.
• </c><01:10:52.800><c> markets</c><01:10:53.120><c> and</c><01:10:53.360><c> all</c> gambling and insurance
• markets and all gambling and insurance markets and all the<01:10:53.679><c> things</c><01:10:53.840>

Bills: HF1758, HF4437, HF4353

Keywords: infertility, health insurance, fertility preservation, medical assistance, MinnesotaCare, prediction markets, sports betting, online wagering, event contracts, election betting, political betting, sportsbook, gambling regulation, lawful gambling license, Gambling Control Board, unauthorized gaming, esports betting, financial technology, payment processor, advertising restrictions

Transcript Highlights:

• So, the first thing you said was that there's no insurance available in the authorized market. >> In
• </c> a year on insurance. a year on insurance.
• </c> insurance, home insurance in that area? insurance, home insurance in that area?
• </c> discussion with the authorized insurance discussion with the authorized insurance market.<00:18:
• </c> is on the market. is on the market.

Bills: HB20, HB2612, HB2404, HB2459, HB2194, HB1880, HB2284, HB1969, HB2458, HB1546, HB2161, HB1721, HB1641, HB2137, HB1782, HB2360, HB1965, HB1897, HB1513

Keywords: lava insurance, homeowners, insurance market, subsidy, Hawaii, mortgage, debt, secured transactions, real property, Hawaii Revised Statutes, cooperative associations, electric utility cooperatives, agricultural cooperatives, mutual help, food innovation, agribusiness, food safety, market access, branding, economic diversification

Summary: The committee heard testimony on HB 20, which would create a lava zone insurance subsidy/fund. The Insurance Division opposed the bill, arguing that lava zones 1 and 2 are the highest-risk areas, that a subsidy would not reduce the underlying risk or loss costs, that it could invite similar subsidy requests for other hazards, and that the bill may conflict with HICV by diverting funds from the CRF. Members discussed the lack of authorized homeowners insurance in those lava zones, the role of HPIA and the surplus market, and the difference between the proposed lava-zone subsidy and the Hawaii Hurricane Relief Fund. The chair noted 37 submitted testimonies in support and one in opposition, and the committee then moved on without taking a vote on HB 20 in the portion provided. The committee then took up HB 2612, relating to mortgages, which would clarify that a mortgage does not exist independently of the debt it secures and is not independently enforceable from that debt. The Hawaii Credit Union League and Hawaii Financial Services Association opposed the bill, while several individuals testified in support, arguing it would restore Hawaii’s long-standing lien-state rule and prevent so-called “zombie mortgages” after the Hawaii Supreme Court’s White decision. Supporters said the bill would protect borrowers from delayed foreclosures and predatory lending practices, while opponents and the Insurance Division emphasized that foreclosure actions still require proof of standing and possession of the note, and that lenders generally pursue foreclosure without seeking deficiency judgments. Committee members questioned the Insurance Division about how the current market works, whether lenders could wait out the statute of limitations and then foreclose only on the mortgage, and whether equitable tolling or later defaults could allow refiling. The division said it is still trying to attract authorized insurers back into the lava-zone market, but has seen little progress. No vote or final action on HB 2612 was taken in the excerpt provided.

Transcript Highlights:

• As I researched it, I found out that there really wasn't a mechanism for crop fire insurance coverage
• or fire insurance on rural farms and residences to offer an incentive.
• I'm a little puzzled by the notion that insurance companies can't provide an incentive for coverage or
• reduced rates, or if I heard you correctly, we need legislation to help an insurance company provide
• Legislation to help an insurance company add, provide something?

Bills: SB5919, SB5816, SJM8015, HB2737

Keywords: fire safety, insurance incentives, best practices, community protection, voluntary measures, juice grapes, agriculture, commerce, state regulation, market access, federal response, wildfire protection, community safety, infrastructure, natural resources, commercial shellfish, shellfish fees, Department of Health, biotoxin testing, export certificate

Transcript Highlights:

• that we had seen over the summer for one of the programs in the human service area, the housing stabilization
• the human service area,<00:04:01.519><c> the</c><00:04:01.599><c> housing</c><00:04:01.920><c> stabilization
• </c><00:04:02.720><c> supports</c> area, the housing stabilization supports area, the housing stabilization
• It's the biggest single insurer of our population.

Bills: HF3379

Keywords: housing stabilization, disability services, predatory funding, provider requirements, housing accessibility, 1183, house

Transcript Highlights:

• SB 6248, addressing travel insurance, was heard in this committee last Wednesday.
• It substantially adopts the Travel Insurance Model Act, including providing licensing...
• requirements, duties, requirements, and restrictions around travel insurance.
• It provides that limited lines travel insurance... By Senator Stanford.
• insurers from using wildfire risk as a disqualifying risk factor for coverage if a property...

Bills: SB6248, SB5976, SB6079, SB6250, SB6257, SB6289, SB6230, SB6312, SB6149, SGA9060, SGA9169, SGA9265, SGA9266

Keywords: travel insurance, travel protection plan, travel assistance services, cancellation fee waiver, travel retailer, travel administrator, limited lines producer, insurance producer license, blanket travel insurance, trip cancellation, trip interruption, travel medical coverage, emergency evacuation, repatriation, inland marine, premium tax, consumer protection, unfair trade practice, insurance commissioner, Washington RCW

Summary: The Senate Business, Trade & Economic Development Committee met on cut-off day and first received a staff briefing on several gubernatorial appointments and bills, including travel insurance (SB 6248), false subject lines in commercial emails (SB 5976), wildfire mitigation grants and insurance underwriting limits (SB 6079), small loan principal limits (SB 6250), appraiser trainee licensing tolling (SB 6257), the statewide economic development strategic plan (SB 6289), cash transaction rounding to eliminate pennies (SB 6230), surveillance pricing in grocery stores, and a late-added proposed substitute on the definition of rural counties. Staff noted fiscal impacts where available and described proposed substitutes that adjusted effective dates, reporting requirements, eligibility, and other technical details. In executive session, the committee voted to recommend confirmation for gubernatorial appointments 9060 (Alicia Levy), 9169 (Michael Charles), 9265 (Brian Bennett), and 9266 (Noah Skartford). It then advanced SB 6248, SB 6079, SB 6250, SB 6257, SB 6289, SB 6230, and SB 6149 with due pass recommendations, sending most to Rules and SB 6079 to Ways and Means. SB 5976 was not considered, and SB 612 was removed from the agenda. Members and the chair closed by thanking committee staff, stakeholders, tribes, and those who testified in person or online during the short session. The committee then adjourned.

Transcript Highlights:

• So, licenses that individual providers might hold, assurance statements, or proof of insurance.
• My work has focused on insurance claims, reimbursement, and ensuring providers are paid accurately for
• While it outlines the specific types of claims where recoupments may occur, insurance companies continue
• </c><00:41:29.119><c> It</c><00:41:29.440><c> also</c> independence, and stability.
• It also independence, and stability.

Bills: HF729

Keywords: human services, provider enrollment, medical assistance, healthcare, housing stabilization, substance use disorder, vulnerable adults, fraud prevention, 1183, house

Transcript Highlights:

• Our read of it is that it mirrors current practice for us in the fully insured market.
• Um, I will note that um, insured market.
• Our read of it is that it mirrors current practice for us in the fully insured market.
• </c> free markets. This is not a free market. free markets. This is not a free market.
• </c> in the markets. in the markets.

Bills: SF1750, HF4250, HF3938, HF3904, HF3642

Keywords: common interest community, CIC, homeowners association, HOA, condominium, planned community, cooperative, unit owner, association board, declarant, declarant control, special declarant rights, assessment lien, foreclosure, late fees, fines, attorney fees, resale disclosure, annual report, maintenance plan