SB 552 Allows the medical malpractice Joint Underwriting Association to issue various types of medical malpractice policies and refund surcharges
Sponsor: Mayer
LR Number: 1836S.01I Fiscal Note: 1836-01
Committee: Small Business, Insurance & Industrial Relations
Last Action: 4/6/2005 - Hearing Cancelled S Small Business, Insurance & Industrial Relations Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2005

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Current Bill Summary

SB 552 - This act provides the directors of the Medical Malpractice Joint Underwriting Association may provide medical malpractice insurance coverage as determined by the directors. The policies may provide coverage on a claims-made, an occurrence, or a prior-acts basis. The act also modifies the law with respect to the surcharge paid by association members during their first year of medical malpractice coverage. This act provides that the directors of the association may determine what methods of payment are acceptable for paying the surcharge and that the directors may refund surcharges where appropriate.