Summary

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. Read More

Status

This bill was introduced on Oct 13, 2011, in a previous session of Congress, but was not passed.

Date Introduced
Oct 13, 2011

Co-Sponsors

Bill Text

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...

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Bill Summary

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