SB503: SB503 Insurance; rental home marketplace guarantees from the definition of property insurance; exempt

26 SB 503/AP Senate Bill 503 By: Senators Harbin of the 16th, Walker III of the 20th, Anavitarte of the 31st, Robertson of the 29th, Still of the 48th and others AS PASSED A BILL TO BE ENTITLED AN ACT To amend Chapter 24 of Title 33 of the Official Code of Georgia Annotated, relating to1 insurance generally, so as to require health benefit plans, policies, or contracts executed by2 the state to cover medically necessary orthotic devices and pro sthetic devices and their3 materials and components; to revise a definition; to provide for related matters; to provide4 for contingent effectiveness upon appropriation of funds; to repeal conflicting laws; and for5 other purposes.6 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:7 SECTION 1.8 Chapter 24 of Title 33 of the Official Code of Georgia Annotate d, relating to insurance9 generally, is amended in Code Section 33-24-59.35, relating to required coverage orthotic10 devices and prosthetic devices, reporting, and regulation, by r evising paragraph (3) of11 subsection (a) as follows:12 "(3) 'Health benefit policy' means any individual or group plan , policy, or contract for13 healthcare services issued, delivered, issued for delivery, or renewed in this state by an14 insurer that provides major medical benefits. On or after January 1, 2027, such Such term15 shall not include any plans, policies, or contracts executed by the stat e to provide16 healthcare coverage on behalf of state employees, public school teachers and employees,17 S. B. 503 - 1 - 26 SB 503/AP and members and employees of the Board of Regents and their retirees and dependents18 under Article 1 of Chapter 18 of Title 45, and shall not apply to the provision of19 healthcare services pursuant to a contract entered into by an insurer and the Department20 of Community Health for recipients of Medicaid . Such term shall not include21 self-funded, employer sponsored health insurance plans subject to the exclusive22 jurisdiction of the federal Employee Retirement Income Security Act of 1974, as codified23 and amended at 29 U.S.C. Section 1001, et seq."24 SECTION 2.25 (a) This Act shall become effective only if funds are specifically appropriated for purposes26 of this Act in an appropriations Act enacted by the General Assembly.27 (b) If funds are so appropriated, then this Act shall become effective on the later of:28 (1) The date on which such appropriations Act becomes effective; or29 (2) The beginning date of the fiscal year for which such appropriations are made.30 SECTION 3.31 All laws and parts of laws in conflict with this Act are repealed.32 S. B. 503 - 2 -