Introduced by Sen. Maralyn Chase (Shoreline) (D) on January 28, 2013
Provides that, when annual premiums are in excess of two hundred fifty million dollars, a health care service contractor or a health maintenance organization may not accumulate capital and reserves, including risk-based capital, in excess of two months of claims expense. Any excess shall be returned to policyholders. Official Text and Analysis.
Referred to the Senate Health Care Committee on January 28, 2013