[1] NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.

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F I S C A L I M P A C T R E P O R T

SPONSOR:	Feldman		DATE TYPED:	01/23/02		HB
SHORT TITLE:		Assurance Contracts				SB	10/aSPAC
					ANALYST:		Wilson

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY02	FY03	FY02	FY03
		NFI

SOURCES OF INFORMATION

LFC files

SUMMARY

Synopsis of SPAC Amendment #1

The amendment restores the wording in current law that allows a patient who is covered under SB 10 to appeal to the Superintendent of Insurance. The appeal must be expedited and resolved within thirty days. Programs pursuant to Title 19 or Title 21 of the federal Social Security Act, which have their respective expedited appeal processes, are exempted out of the above.

Synopsis of Original Bill

SB 10 updates the law requiring coverage for cancer clinical trials by updating the definition of an assurance contract. SB10 removes the exclusion for contracts issued after July 1, 2002.

Significant Issues

SB 10 brings current law into conformance with federal terminology and clarifies the effective date.

DW/ar

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