SB290 S B&I AM #1

Marey Casey 7988

    The Committee on Banking and Insurance moved to amend the bill on page one, section one, line twenty-four, after the word “authorized” by striking out the period and adding the following: with the following amendments:

    On page three, subsection 3.5, after the word “subsection” by striking out “3.5" and inserting in lieu thereof “3.4”;

    And,

    On page four, subsection 3.7, by striking out all of subsection 3.7 and inserting in lieu thereof a new subsection, designated subsection 3.7, to read as follows:

    3.7. Remedies in the event of carrier noncompliance. If a carrier fails to comply with the requirements of this rule, including the notice requirements of subsection 3.5 of this section, and such noncompliance results in the failure of an eligible adult qualified beneficiary of a covered employee to timely elect continuation coverage, every qualified beneficiary of the covered employee covered on the day of the qualifying event shall remain covered under the health benefit plan until the qualified beneficiaries are afforded the opportunity to elect such coverage.

Adopted

Rejected