H.R. 3183 (112th): To amend title XXVII of the Public Health Service Act to exempt licensed independent insurance producer remuneration ...

...from the medical loss ratio.

112th Congress, 2011–2013. Text as of Oct 13, 2011 (Introduced).

Status & Summary | PDF | Source: GPO

HR 3183 IH

112th CONGRESS

1st Session

H. R. 3183

To amend title XXVII of the Public Health Service Act to exempt licensed independent insurance producer remuneration from the medical loss ratio.

IN THE HOUSE OF REPRESENTATIVES

October 13, 2011

Mr. YARMUTH introduced the following bill; which was referred to the Committee on Energy and Commerce

A BILL

To amend title XXVII of the Public Health Service Act to exempt licensed independent insurance producer remuneration from the medical loss ratio.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. EXEMPTING LICENSED INDEPENDENT INSURANCE PRODUCER REMUNERATION FROM THE MEDICAL LOSS RATIO.

    (a) In General- Section 2718 of the Public Health Service Act (42 U.S.C. 300gg et seq.), as inserted by section 1001 and amended by section 10101(f) of the Patient Protection and Affordable Care Act (Public Law 111-148), is amended--

      (1) in subsection (a)(3), by inserting ‘, remuneration paid for licensed independent insurance producers,’ after ‘State taxes’;

      (2) in subsection (b)(1)(A), in the matter preceding clause (i), by inserting ‘, remuneration paid for licensed independent insurance producers,’ after ‘State taxes’;

      (3) in subsection (b)(1)(B), by inserting ‘, remuneration paid for licensed independent insurance producers,’ after ‘State taxes’; and

      (4) by adding at the end the following new subsection:

    ‘(f) Independent Insurance Producer, Remuneration Defined- For purposes of this section:

      ‘(1) The term ‘independent insurance producer’ means an insurance agent or broker, insurance consultant, benefit specialist, limited insurance representative, and any other person required to be licensed under the laws of the particular State to sell, solicit, negotiate, service, effect, procure, renew or bind policies of insurance coverage or offer advice, counsel, opinions, or services related to insurance.

      ‘(2) The term ‘remuneration’ means compensation paid by or accrued from an insurance issuer or health plan for services rendered under contractual agreement which may include fees, commissions, or rebates.’.

    (b) Regulations- Not later than 60 days after the date of the enactment of this Act, the Secretary of Health and Human Services shall amend any applicable regulations so as to take the amendments made by subsection (a) into account.