Reinsurance assessment authority extension provision and commissioner of commerce application for a waiver continuation requirement provision

This bill extends Minnesota's annual assessment on group health insurance companies to fund the state's reinsurance program. It requires these companies to pay an annual fee based on their share of Minnesota health plan premiums, calculated each year to cover reinsurance payments. The fee can be deferred for financially struggling companies under specific conditions, but deferred amounts increase other carriers' assessments proportionally. The funds support the Minnesota Premium Security Plan, which helps stabilize individual health insurance rates by covering high-cost claims.