California — Missing Insurance Agent
Edmond Haronian owns Haronian Insurance and Financial Services in the greater Los Angeles area. The 50-year old was a student pilot. He and his instructor are missing. Their single-engine Cessna disappeared somewhere on Catalina Island on May 28th.
Unable to find them, the Coast Guard has suspended the search.
Since then the family has stepped in and is offering a reward of $250,000 if he’s found alive and $150,000 if someone finds his body.
Source link: Insurance Business America
California — Death with Dignity
This from the California Department of Insurance.
The End of Life Option Act, Assembly Bill X2-15 (Eggman) was passed by the Legislature, signed by Governor Brown, and supported by Insurance Commissioner Dave Jones, the Death with Dignity law allows patients of sound mind who are suffering from a terminal illness and meet certain qualifications to request aid-in-dying medication.
"Terminally ill patients in California now have a choice when facing end-of-life decisions and do not have to worry that the choice will cause them to lose their life or health insurance or annuity policy," said Commissioner Jones. "Many of the health care services someone would seek at the end of life under the new law are considered basic health care services that are required to be covered in most health insurance policies sold today. Existing law also requires many health insurance plans to cover all FDA approved outpatient prescription drugs, so I expect that many health insurance policies and health plans will cover drugs that physicians may prescribe to patients for aid-in-dying. This law will make it possible for those who meet the protections in the new law to have the option to obtain a prescription for an aid-in-dying drug from their physician."
When Jones served in the State Assembly, he co-authored with Assemblywoman Patty Berg AB 374 of 2007, an earlier aid-in-dying bill. At the time, Jones recounted his own experience taking care of his terminally ill grandfather. His grandfather was suffering from the end stages of terminal cancer. His grandfather wanted, but could not, end his life with dignity on his own terms.
Some insurance questions have been raised about the new California law, including how the new law might affect consumers and their loved ones. Under the new law, if a terminally ill Californian, who meets the criteria in the law, chooses to take the medication to end their own life, the law is clear that this is not a suicide, so life insurance policy exclusions for suicide do not apply. Consumers and their families with questions regarding the new law or its application are encouraged to contact the department online or toll free at 1-800-927-4357.
California — Work Comp Rate Decrease
The State Compensation Insurance Fund has filed a 9.5% average rate reduction with the California Department of Insurance. If approved — and it will be — the reduction goes into effect in September. Claims costs — says State Fund communications director Gina Simons — is the reason.
“An important part of State Fund’s purpose is to provide fair pricing. We have filed a new pricing structure with the California Department of Insurance (CDI) that will further enhance our pricing accuracy and rate stability for our policyholders,” she said.
New pricing ranges and risk characteristics are being launched as well.
Source link: Insurance Journal
Oregon — Transgender Bulletin
Proposed bulletin: Transgender Issues in the Transaction and Regulation of Insurance in Oregon
Public comment requested on Proposed bulletin 2016-01: Transgender Issues in the Transaction and Regulation of Insurance in Oregon
Background: Since 2012, the Department of Consumer and Business Services (DCBS) has prohibited insurers from discriminating on the basis of gender identity or gender dysphoria.
Recent changes in federal regulations and policy relating to mental health parity, nondiscrimination and transgender health care services as well as questions from consumers and providers have prompted DCBS to reexamine the issue and the advice provided in Bulletin INS 2012-1. In light of the recent developments and new guidance available, DCBS is withdrawing the prior bulletin (INS 2012-1) and issuing this new bulletin in order to better address the issues related to insurance coverage provided to transgender persons.
Public comments: The Division of Financial Regulation is requesting public review and comments on the proposed bulletin by the close of business on June 14, 2016.
To review a copy of the proposed bulletin and more details on how to comment, please visit our website at:
Washington — Rules Update
Washington State Office of the Insurance Commissioner Health insurance rules Update
The Washington Office of the Insurance Commissioner recently posted a stakeholder draft for R 2016-16.
Proposed rule: R 2016-16 Prescription drug coverage disclosures
Background: This rulemaking clarifies the disclosure requirements insurers must follow, so consumers know exactly which prescription drugs are covered under their health plan and which ones are not. The rulemaking will not address discrimination within the prescription drug benefit.
June 10, 2016 Stakeholder draft
This comment period on this stakeholder draft closes on June 30, 2016.
For questions or comments, please contact Jim Freeburg, Special Assistant to the Commissioner, at firstname.lastname@example.org.