Summary: S.1661 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for S.1661. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (06/24/2015)

Access to Independent Health Insurance Advisors Act of 2015

Amends the Public Health Service Act to exclude remuneration paid for licensed independent insurance producers from administrative costs 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 state law to sell, solicit, negotiate, service, effect, procure, renew, or bind policies of insurance coverage or offer advice, counsel, opinions, or services related to insurance.