SB 1464 - Crawford, Sandy
Modifies provisions relating to multiple employer self-insured health plans
Bill Details
Sponsor
LR Number
5952S.01I
Title
SB 1464
House Handler
N/A
Journal Page
Effective Date
August 28, 2026
Committee
Current Status
Second Read and Referred S Insurance and Banking Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 1464 - Current law defines a multiple employer self-insured health plan as one that is either offered by a staff or employee leasing company or established or maintained for the purpose of offering or providing health, dental, or short-term disability benefits to employees of two or more employers. This act modifies such definition by providing that a multiple employer self-insured health plan also includes one that is established or maintained for the purpose of offering or providing health, dental, or short-term disability benefits to two or more self-employed individuals and their dependents. (Section 376.1000)
Current law also requires a multiple employer self-insured health plan to establish a surplus account with one of three minimum balances, as described in the act. This act provides that such minimum shall either be $600,000, as provided in current law, or an amount equal to two times the authorized control level risk-based capital. (Section 376.1017)
TAYLOR MIDDLETON