Amends the definition of "small group" for health insurance policies and contracts to fifty employees or fewer; repeals impact study requirement.

This bill amends the definition of "small group" for health insurance policies and contracts to include groups with fifty employees or fewer. It also repeals the requirement for the superintendent to conduct an impact study on the prohibition of stop loss, catastrophic, and reinsurance coverage sales to small groups. The changes apply to policies issued or renewed on or after January 1, 2016, with specific provisions for groups with between fifty-one and one hundred employees.

Amends the definition of "small group" for health insurance policies and contracts to fifty employees or fewer; repeals impact study requirement.

This bill amends the definition of "small group" for health insurance policies and contracts to include groups with fifty employees or fewer. It also repeals the requirement for the superintendent to conduct an impact study on the prohibition of stop loss, catastrophic, and reinsurance coverage sales to small groups. The changes apply to policies issued or renewed on or after January 1, 2016, with specific provisions for groups with between fifty-one and one hundred employees.