S.650 - Access to Independent Health Insurance Advisors Act of 2013113th Congress (2013-2014)
|Sponsor:||Sen. Landrieu, Mary L. [D-LA] (Introduced 03/21/2013)|
|Committees:||Senate - Health, Education, Labor, and Pensions|
|Latest Action:||03/21/2013 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.|
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Summary: S.650 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in Senate (03/21/2013)
Access to Independent Health Insurance Advisors Act of 2013 - Amends the Public Health Service Act to exclude remuneration paid for licensed independent insurance producers from administrative cost calculations for purposes of calculating the medical-loss ratio of a health insurance plan.
Defines "independent insurance producer" to mean 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.