Extends reinsurance assessment authority and modifies commissioner's waiver continuation requirement.

The bill extends the reinsurance assessment authority for group health carriers and modifies the commissioner's waiver continuation requirement. It mandates the Minnesota Comprehensive Health Association to set an assessment on group health carriers, with provisions for deferral and refund. The commissioner can defer the assessment if it places the carrier in financial impairment. The bill also sets the reinsurance cap at $250,000 and requires the board to submit reports to the commissioner and legislative chairs.

Extends reinsurance assessment authority and modifies commissioner's waiver continuation requirement.

The bill extends the reinsurance assessment authority for group health carriers and modifies the commissioner's waiver continuation requirement. It mandates the Minnesota Comprehensive Health Association to set an assessment on group health carriers, with provisions for deferral and refund. The commissioner can defer the assessment if it places the carrier in financial impairment. The bill also sets the reinsurance cap at $250,000 and requires the board to submit reports to the commissioner and legislative chairs.