2004 Regular Session

SENATE BILL 436

File Code: Insurance - Other than Health Crossfiled with: HOUSE BILL 1301
Sponsored By:
Senators Kelley, Britt, Conway, Della, Forehand, Frosh, Garagiola, Gladden, Grosfeld, Hogan, Hooper, Hughes, Jones, Miller, and Stone
Entitled:
Medical Malpractice Insurance - Rates and Rate Filings

Synopsis:

Requiring that, in establishing rates for medical malpractice insurance, due consideration be given to total investment income; providing that, for medical malpractice insurance, a rate is excessive if the rate does not reflect the total investment income that the insurer reasonably can be expected to earn on all its assets during the period the rate will be in effect or if for any other reason the rate is unreasonably high for the insurance coverage provided; etc.

History by Legislative Date

Senate Action
2/5
First Reading Finance
2/11
Hearing 2/25 at 1:00 p.m.
House Action
No Action
Sponsored by:
Senator Delores G. Kelley, District 10
Senator Gwendolyn Britt, District 47
Senator Joan Carter Conway, District 43
Senator George W. Della, Jr., District 46
Senator Jennie M. Forehand, District 17
Senator Brian E. Frosh, District 16
Senator Rob Garagiola, District 15
Senator Lisa A. Gladden, District 41
Senator Sharon M. Grosfeld, District 18
Senator Patrick J. Hogan, District 39
Senator J. Robert Hooper, District 35
Senator Ralph M. Hughes, District 40
Senator Verna L. Jones, District 44
Senator Thomas V. Mike Miller, Jr., District 27
Senator Norman R. Stone, Jr., District 6
Bill indexed under the following Subjects:
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
INVESTMENTS -see also- SECURITIES
MEDICAL MALPRACTICE
PRICES -see also- CONSUMER PRICE INDEX
Bill affects the following Statutes:
Insurance
( 11-205 , 11-205 , 11-206 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered