bpag legislative insurance bulletin 2-27-15

Upload: the-bose-insurance-blog

Post on 01-Mar-2016

214 views

Category:

Documents


0 download

DESCRIPTION

BPAG Legislative Insurance Bulletin 2-27-15

TRANSCRIPT

  • Legislative Report

    February 27, 2015 BOSE PUBLIC AFFAIRS GROUP INSURANCE

    BULLETIN XV, NUMBER 5

    In This Issue

    General Assembly Overview Unclaimed Life Insurance Benefits Medical Malpractice

    Innocent Co-Insureds

    Contact Us

    111 Monument Circle Suite 2700

    Indianapolis, IN 46204

    317-684-5400 www.bosepublicaffairs.com

    Follow Bose Public Affairs Group on

    Twitter

    Get timely updates on the legislative

    session by following the Bose Public Affairs Group on Twitter @BosePAG or

    visit

    http://www.twitter.com/bosepag

    GENERAL ASSEMBLY OVERVIEW The first half of the 2015 Indiana General Assembly long session

    concluded this week. The Senate concluded its business on February

    24 while the House adjourned on February 25. Legislators will

    reconvene on Monday, March 2 to begin the second half of the

    session.

    368 Senate bills died in the first half of session and 220 Senate bills and

    Senate Joint Resolutions passed. On the House side, 495 bills failed to

    proceed and 186 bills and House Joint Resolutions made it through

    the first half.

    The House advanced the state budget bill, HB 1001, by a vote of 69-

    29 mostly along party lines. The most discussed portion of the budget

    is the school funding formula and how dollars are allocated to

    schools across the state. The Senate will consider HB 1001 beginning

    in the Senate Appropriations Committee the second half of session.

    A number of bills died on the House and Senate floor, including HB

    1624, a bill addressing the sale of alcoholic beverages on Sunday in

    Indiana. HB 1624 was not called down for a third reading vote on the

    House floor by the author, Rep. Tom Dermody (R-LaPorte). The bill

    received opposition from the grocery, drug and convenience store

    industry after restrictive provisions were added in the House Public

    Policy Committee.

    The gaming bill underwent some further changes on the House floor.

    The House removed language that would have cut millions of dollars

    in funding that goes to communities where casinos are located. HB

    1540 still allows for riverboat casinos to move on land, creates new

    tax breaks for casino investment, and allows live dealers at the two

    racinos based at horse tracks.

    We expect committee hearings to resume next week after bills that

    survived the first half of session have been assigned to committees in

    the second house and the committee chairs have had time to

    review all bills assigned to them. As always, we will continue to

    monitor all legislation for amendments containing detrimental

    language which may have died during the first half of the session.

    The following are tentative upcoming deadlines to keep in mind:

    - House committee report deadline: April 8

    - Senate committee report deadline: April 9

    - House and Senate second reading deadline: April 14

    http://www.bosepublicaffairs.com/http://www.twitter.com/bosepaghttp://iga.in.gov/legislative/2015/bills/house/1001http://iga.in.gov/legislative/2015/bills/house/1624http://iga.in.gov/legislative/2015/bills/house/1624http://iga.in.gov/legislative/2015/bills/house/1540http://iga.in.gov/legislative/2015/bills/house/1540

  • - House and Senate third reading deadline: April 15

    - Conference committees: April 15-29

    The legislature must adjourn, sine die, no later than midnight, April 29.

    UNCLAIMED LIFE INSURANCE BENEFITS

    SB 425 provides that DMF searches must only be conducted on a

    prospective basis, beginning July 1, 2015. Further, it removes the

    fuzzy match requirements found in IC 27-2-23-13. The bill was

    amended on the Senate floor to clarify that this bill does not prevent

    an unclaimed property examination by an attorney general under IC

    32-34-1. As amended, the bill passed by the Senate by a vote of 37-

    13.

    The bill has been assigned to the House Insurance Committee and

    Chairman Lehman is the House sponsor. A hearing on SB 425 will

    likely occur within the next few weeks.

    MEDICAL MALPRACTICE The two bills dealing with medical malpractice (SB 55 and HB 1043)

    have both failed for this session. As reported last week, SB 55 was

    DEFEATED on the Senate floor by a vote of 22-27. In the House, HB

    1043 died after failing to be called for 3rd reading by Wednesdays

    deadline.

    INNOCENT CO-INSUREDS

    SB 125, as introduced, provided, in pertinent part, that an insurer may

    not deny, exclude or limit payment of a claim made by an innocent

    co-insured. The bill received a hearing last week in the Senate

    Insurance & Financial Institutions, during which it was amended to

    assign the topic for study during the 2015 interim. As amended, the

    bill passed out of committee and the Senate floor unanimously.

    For more information

    Trent Hahn

    [email protected]

    Telephone: 317/684-5400

    Fax: 317/684-5432

    http://iga.in.gov/static-documents/8/4/b/a/84ba2b2f/SB0425.01.INTR.pdfhttp://iga.in.gov/static-documents/a/5/6/c/a56c7895/SB0055.01.INTR.pdfhttp://iga.in.gov/static-documents/6/1/b/2/61b2a64b/HB1043.01.INTR.pdfhttp://iga.in.gov/static-documents/6/1/b/2/61b2a64b/HB1043.01.INTR.pdfhttp://iga.in.gov/static-documents/c/d/5/c/cd5cb224/SB0125.02.COMS.pdf