Establishes a state-based exchange fund and requires the commissioner to apply for a state innovation waiver.

This bill creates a state-based exchange fund in the state treasury, controlled by the insurance division. The fund consists of moneys appropriated by the general assembly and other lawfully available funds, including federal grants and user fees. The commissioner of insurance must apply for a state innovation waiver by December 31, 2026. If approved, the commissioner can operate a state-based exchange in accordance with the waiver. The bill also outlines confidentiality rules for documents and information related to the exchange.

Establishes a state-based exchange fund and requires the commissioner to apply for a state innovation waiver.

This bill creates a state-based exchange fund in the state treasury, controlled by the insurance division. The fund consists of moneys appropriated by the general assembly and other lawfully available funds, including federal grants and user fees. The commissioner of insurance must apply for a state innovation waiver by December 31, 2026. If approved, the commissioner can operate a state-based exchange in accordance with the waiver. The bill also outlines confidentiality rules for documents and information related to the exchange.