Montana HB727 revises workers' compensation laws to ensure competitive markets by assessing market concentration and implementing corrective measures.
Montana HB727 revises workers' compensation laws to ensure competitive markets by assessing market concentration using the Herfindahl-Hirschman index. If the market concentration exceeds 1,800, the commissioner presumes a lack of competition and holds a public hearing. If a noncompetitive market is confirmed, the commissioner must order corrective measures, including promoting new insurers, limiting large mergers, and implementing regulations to promote competition. The commissioner must also annually measure market concentration among insurers.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.