Second Regular Session S.B. 1062
PROPOSED
SENATE AMENDMENTS TO S.B. 1062
(Reference to printed bill)
Page 1, strike lines 2 through 44
Strike pages 2 through 4
Renumber to conform
Page 5, line 4, after "programs" insert "; definition"
Page 6, line 6, after "health" insert "or enhance the financial wellness"
Strike lines 7 and 8, insert:
"4. Payments of implementation credits a life insurer makes to offset expenses that a group policyholder or employer incurs when the life insurer initiates, changes or administers new or existing group coverage. The life insurer may either:
(a) Include implementation credits in the premium charged a policyholder and then reimburse the policyholder. The life insurer shall disclose to the policyholder whether implementation credits were included in the premium.
(b) pay for the implementation credits and provide appropriate disclosure in the group policy.
C. For the purposes of this section, "life insurance" includes disability income policies and supplemental benefit policies."
Amend title to conform