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2001 SESSION

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010633924
HOUSE BILL NO. 2042 Offered January 10, 2001 Prefiled January 10, 2001 A BILL to amend and reenact § 38.2-5903 of the Code of Virginia, relating to health insurance; assessment for utilization review. ---------- Patrons-- Rust and Devolites ---------- Referred to Committee on Corporations, Insurance and Banking ----------

Be it enacted by the General Assembly of Virginia:

1. That § 38.2-5903 of the Code of Virginia is amended and reenacted as follows:

§ 38.2-5903. Assessment to fund appeals.

A. Each licensed insurer writing insurance as defined in § 38.2-109 and that is subject to subsection B of § 38.2-5801, each health maintenance organization organized in accordance with the provisions of Chapter 43 (§ 38.2-4300 et seq.), and each nonstock corporation organized in accordance with the provisions of Chapter 42 (§ 38.2-4200 et seq.) or Chapter 45 (§ 38.2-4500 et seq.) and that is subject to subsection B of §38.2-5801 shall pay, in addition to any other assessments provided in this title, an assessment in an amount not to exceed 0.015 percent of the direct gross premium income for such insurance written during the preceding calendar year. The assessment shall be apportioned and assessed and paid as prescribed by § 38.2-403.

B. The assessments made by the Commission under subsection A and paid into the state treasury shall be deposited to a special fund designated "Bureau of Insurance Special Fund-State Corporation Commission," and out of such special fund and the unexpended balance thereof shall be appropriated the sums necessary for the regulation, supervision and examination of all entities subject to regulation under this title.