State Legislation/Regulation

LD 416, “An Act to Protect Seniors and the Public from Unfair Health Insurance Sales Practices”

Summary: This bill expressly defines certain marketing practices as unfair trade practices when used to market health insurance products.

Sponsor: Rep. Sharon Treat

Cosponsors: Representative Canavan and Senator Schneider

Committee: Insurance and Financial Services

Action: The Insurance and Financial Services Committee held a public hearing on this bill February 22, 2007 and held work sessions February 27th and March 1st. The Committee voted ‘ought to pass as amended” on March 1, 2007. The House passed this bill on April 10th, 2007 and the Senate passed this bill on April 11th, 2007. The Governor signed it into law on April 17, 2007.