Authorize tax credit - small employers with health reimbursement
What changed between versions
Added extensive new definitions of unfair and deceptive acts or practices in insurance, expanding from a single section to over 30 specific prohibited practices including discrimination based on sex, marital status, blindness, and domestic violence victim status.
Added new requirements for insurers to provide policy summaries for personal lines insurance and established rules about what information must be included in these summaries.
Added restrictions on selling insurance in connection with student loans and new protections preventing denial of coverage based on domestic violence victim status.
Added new tax credit provisions for small employers providing individual coverage health reimbursement arrangements, maintaining the $400 per employee credit but expanding the overall tax code amendments.
Added new enforcement mechanisms including civil penalties, administrative remedies, and expanded superintendent powers to investigate and penalize violations of insurance regulations.
Added new definitions for terms like 'federally eligible individual,' 'health status-related factor,' and 'domestic violence' to clarify application of new insurance protections.
