State Insurance Department would receive funds for fiscal year 2026-2027

The bill would set aside money for the State Insurance Department's staff, operations, claims, programs, and services. The funding covers the department's operations and programs, including insurance regulation, funeral services, employee claims, health information counseling, fraud investigations, and other listed activities. Money would be paid from the specific state, federal, cash, and trust funds named for each program. Spending would remain subject to state budget, procurement, accounting, salary, and other fiscal-control laws. The listed amounts are limits for the fiscal year, not guaranteed payments to individuals or organizations. The appropriations would cover the fiscal year beginning July 1, 2026, and ending June 30, 2027, if the act takes effect.

The State Insurance Department could move unused salary and related personnel money to professional services for examination assistance. The transfer would apply when the department cannot maintain a full roster of examination personnel. The Chief Fiscal Officer of the State would have to approve the transfer. The department could use the transferred money to contract with qualified individuals or firms for examination assistance. This rule would apply from July 1, 2026, through June 30, 2027, if the act takes effect.

Insurers would have to provide monthly claims, premium, enrollment, and high-cost claimant reports when an eligible policyholder asks for them. The reports would concern comprehensive group health insurance policies and include medical and pharmacy claims, premiums, enrollment, coverage status, and members with claims over $10,000. The reports would cover the most recent 12 months or the entire coverage period, whichever is shorter. The supplied text shows both 50 and 25 insured employees as the policyholder threshold, so the exact threshold cannot be confirmed from the available formatting.