Clarifies with respect to the approval process for the conversion and reorganization of a mutual insurer into a insurance stock company and specifies the expression of the legislature that the intent of the legislature is that these clarifications are procedural and interpretive and apply to all contracts that have not yet been approved by both the insurance commissioner and the mutual members. (gov sig) (OR NO IMPACT See Note)
Provides that approved unauthorized insurers delivering surplus lines insurance in this state shall not be required to file or seek approval of their rates and forms. (gov sig)
Require medical necessity review organizations to notify the commissioner of insurance upon changes in fact or circumstance affecting its qualification for a license. (8/15/10)