California AB594 modifies student health insurance policies, allowing termination and refunds, and exempting them from certain regulations.

California AB594 amends the Insurance Code to modify student health insurance policies. It allows students to terminate coverage during the policy year if they graduate, take a leave of absence, or are no longer enrolled at the institution. Students will only pay the premium through the date of termination. The bill also exempts student health insurance from laws requiring guaranteed availability or renewability, and from certain rate review requirements.

California AB594 modifies student health insurance policies, allowing termination and refunds, and exempting them from certain regulations.

California AB594 amends the Insurance Code to modify student health insurance policies. It allows students to terminate coverage during the policy year if they graduate, take a leave of absence, or are no longer enrolled at the institution. Students will only pay the premium through the date of termination. The bill also exempts student health insurance from laws requiring guaranteed availability or renewability, and from certain rate review requirements.