MS Life and Health Insurance Guaranty Association Act; revise to include HMO subscriber contracts and certificates.
An act to amend section 83-23-203, mississippi code of 1972, to revise the purpose of the mississippi life and health insurance guaranty association act; to amend section 83-23-205, mississippi code of 1972, to revise the coverages provided under the act to include coverage for health maintenance organization subscriber contracts and certificates, and to clarify certain coverages; to amend section 83-23-209, mississippi code of 1972, to provide that the definition of “member insurer” includes a health maintenance organization that holds a certificate of authority to transact health maintenance organization business; to amend section 83-23-211, mississippi code of 1972, to provide that health maintenance organizations shall be and remain member insurers as a condition of their authority to transact health maintenance organization business in mississippi; to amend section 83-23-215, mississippi code of 1972, to revise the powers of the association; to amend section 83-23-217, mississippi code of 1972, to remove the maximum limitation on class a assessments and to provide for the allocation of class b assessments related to long-term care insurance; to amend sections 83-23-221, 83-23-223 and 83-23-225, mississippi code of 1972, to conform to previous sections; to amend section 83-23-235, mississippi code of 1972, to clarify the prohibition against using the association’s name in advertising and to provide for delivery of a summary document disclosure by health maintenance organizations; to create new section 83-23-239, mississippi code of 1972, to provide for the applicability of the amendments made by this act; and for related purposes.