Amends the definition of "small group" for health insurance purposes to fifty employees or fewer and repeals impact study requirements.

This bill amends the definition of "small group" in the insurance law to include groups with fifty employees or fewer, excluding spouses and dependents. It also repeals provisions that required the superintendent to conduct an impact study on the prohibition of stop loss, catastrophic, and reinsurance coverage for small groups. The changes apply to individual and group health insurance policies and contracts, ensuring they are community rated and cannot be terminated due to claims experience.

Amends the definition of "small group" for health insurance purposes to fifty employees or fewer and repeals impact study requirements.

This bill amends the definition of "small group" in the insurance law to include groups with fifty employees or fewer, excluding spouses and dependents. It also repeals provisions that required the superintendent to conduct an impact study on the prohibition of stop loss, catastrophic, and reinsurance coverage for small groups. The changes apply to individual and group health insurance policies and contracts, ensuring they are community rated and cannot be terminated due to claims experience.