Full Text of SB2241 93rd General Assembly
SB2241ham002 93RD GENERAL ASSEMBLY
|
Rep. John A. Fritchey
Filed: 5/27/2004
|
|
09300SB2241ham002 |
|
LRB093 15873 WGH 51755 a |
|
| 1 |
| AMENDMENT TO SENATE BILL 2241
| 2 |
| AMENDMENT NO. ______. Amend Senate Bill 2241, AS AMENDED, | 3 |
| by inserting after Article 3 the following:
| 4 |
| "ARTICLE 4. HEALTHCARE PROVIDER STABILIZATION BOARD ACT | 5 |
| Section 401. Short title. This Article 4 may be cited as | 6 |
| the Healthcare Provider Stabilization Board Act , and | 7 |
| references in this Article to "this Act" mean this Article. | 8 |
| Section 405. Findings. The General Assembly finds that: | 9 |
| (1) The Healthcare Provider Stabilization Plan is | 10 |
| established as a State program to provide stabilization in | 11 |
| the healthcare market by making grants to healthcare | 12 |
| providers to help compensate for disproportionate cost | 13 |
| increases in medical malpractice insurance, particularly | 14 |
| for those physician specialists and those physicians in | 15 |
| healthcare markets that are the most severely affected, and | 16 |
| to assist in attracting new medical school graduates to | 17 |
| practice in this State. | 18 |
| (2) The Healthcare Provider Stabilization Board shall | 19 |
| operate the Plan in a manner so that the estimated cost of | 20 |
| the program will not exceed the total revenues it expects | 21 |
| to receive from investment income, assessments, or fees | 22 |
| collected or received by the Board and other funds that are | 23 |
| made available from appropriations by the General |
|
|
|
09300SB2241ham002 |
- 2 - |
LRB093 15873 WGH 51755 a |
|
| 1 |
| Assembly.
| 2 |
| Section 410. Definitions: As used in this Act, unless the | 3 |
| context otherwise requires: | 4 |
| "Board" means the Illinois Healthcare Provider | 5 |
| Stabilization Board. | 6 |
| "Department" means the Illinois Department of Insurance.
| 7 |
| "Director" means the Director of the Illinois Department of | 8 |
| Insurance. | 9 |
| "Educational loans" means higher education student loans | 10 |
| that a person has incurred in attending a registered | 11 |
| professional physician education program. | 12 |
| "Fund" means the Healthcare Provider Stabilization Plan | 13 |
| Fund. | 14 |
| "Healthcare provider" means a physician, hospital, or | 15 |
| other licensed healthcare provider. | 16 |
| "Hospital" means a person, partnership, corporation, or | 17 |
| other entity defined as a hospital in the Hospital Licensing | 18 |
| Act. | 19 |
| "Medical malpractice insurance" means insurance coverage | 20 |
| against the legal liability of the insured for loss, damage, or | 21 |
| expense incident to a claim, arising out of the death or injury | 22 |
| of any person as a result of negligence or malpractice in | 23 |
| rendering or failing to render professional service by any | 24 |
| physician, hospital, or other healthcare provider. | 25 |
| "Other healthcare providers" includes those providers of | 26 |
| health care services as defined in the Plan and who are | 27 |
| licensed in Illinois to furnish medical care.
| 28 |
| "Physician" means a physician licensed to practice | 29 |
| medicine in all its branches under the Medical Practice Act of | 30 |
| 1987. | 31 |
| "Plan" means the Healthcare Provider Stabilization Plan | 32 |
| program established by this Act. | 33 |
| "Revenue" means fees, charges, interest, collections, |
|
|
|
09300SB2241ham002 |
- 3 - |
LRB093 15873 WGH 51755 a |
|
| 1 |
| appropriations, donations, and other funds, income, or profit | 2 |
| received or to be received by the Board from any source.
| 3 |
| Section 415. Board; membership.
| 4 |
| (a) The Board is hereby created. Nothing in this Act shall | 5 |
| be construed in such a way that the Board shall be deemed to be | 6 |
| a State agency or moneys in the Fund shall be deemed State | 7 |
| funds. | 8 |
| (b) The Board shall consist of 9 members. Seven of the | 9 |
| members shall be public members appointed by the Governor, by | 10 |
| and with the consent of the Senate, who are residents of the | 11 |
| State, not more than 4 of whom shall be members of the same | 12 |
| political party. The Governor shall appoint 3 representatives | 13 |
| of the insurance industry, at least 2 of whom shall have | 14 |
| medical malpractice insurance underwriting experience; 2 | 15 |
| physicians; one hospital representative; and one member of the | 16 |
| general public not currently associated with any of the | 17 |
| aforementioned professions. The Director or the Director's | 18 |
| designated representative shall be a member of the Board. A | 19 |
| representative of the Illinois Department of Public Aid shall | 20 |
| also be a member of the Board. | 21 |
| (c) The Board members shall be appointed as soon as | 22 |
| practicable after the effective date of this Act. | 23 |
| (d) By lot, the terms of the Governor's initial appointees | 24 |
| shall be staggered so that the terms of 2 members shall expire | 25 |
| 2 years after the effective date of this Act, the terms of 2 | 26 |
| members shall expire 3 years after the effective date of this | 27 |
| Act, and the terms of 3 members shall expire 4 years after the | 28 |
| effective date of this Act. A successor shall serve for a term | 29 |
| of 3 years. An appointment to fill a vacancy shall be for the | 30 |
| unexpired term of the member whose vacancy is being filled. | 31 |
| Board members may be reappointed. | 32 |
| (e) After notice and a public hearing, unless the notice | 33 |
| and hearing shall be expressly waived in writing, any member of |
|
|
|
09300SB2241ham002 |
- 4 - |
LRB093 15873 WGH 51755 a |
|
| 1 |
| the Board may be removed by the Governor for cause. | 2 |
| (f) Four members of the General Assembly, one each | 3 |
| appointed by the President and the Minority Leader of the | 4 |
| Senate and by the Speaker and the Minority Leader of the House | 5 |
| of Representatives, shall serve as non-voting advisors to the | 6 |
| Board and shall be entitled to notice of meetings and an | 7 |
| opportunity to participate in Board meetings.
| 8 |
| (g) As soon as practicable after the appointment of the | 9 |
| initial members, the Board shall organize for the transaction | 10 |
| of business. The Board shall annually elect one of its public | 11 |
| members as Chairman and one as Vice-Chairman. The Board shall | 12 |
| appoint and employ an Executive Director who shall not be a | 13 |
| member of the Board and who shall serve at the pleasure of the | 14 |
| Board. The Executive Director shall receive such compensation | 15 |
| as may be fixed by the Board. | 16 |
| (h) The Executive Director or other person designated by | 17 |
| resolution of the Board shall keep a record of the proceedings | 18 |
| of the Board and shall be custodian of all books, documents, | 19 |
| and papers filed with the Board, the minute book or journal of | 20 |
| the Board, and the Board's official seal. The Executive | 21 |
| Director or his or her designee may cause copies to be made of | 22 |
| all minutes and other records and documents of the Board and | 23 |
| may certify under the official seal of the Board that the | 24 |
| copies are true copies and that all persons dealing with the | 25 |
| Board may rely upon the copies. | 26 |
| (i) Five members of the Board shall constitute a quorum. | 27 |
| The affirmative vote of a majority of all the members of the | 28 |
| Board shall be necessary for any action taken by the Board, | 29 |
| except that amendments to the Plan for any year within which | 30 |
| grants have been made shall require a two-thirds vote of all | 31 |
| members of the Board. A vacancy in the membership of the Board | 32 |
| shall not impair the right of a quorum to exercise all the | 33 |
| rights and perform all the duties of the Board.
| 34 |
| (j) Each meeting of the Board shall be open to the public. |
|
|
|
09300SB2241ham002 |
- 5 - |
LRB093 15873 WGH 51755 a |
|
| 1 |
| Notice of meetings, or waivers thereof, shall be given in the | 2 |
| manner provided in the by-laws. Resolutions of the Board need | 3 |
| not be published or posted. The Board may delegate by | 4 |
| resolution to one or more of its members or its Executive | 5 |
| Director any powers or duties that it may deem proper.
| 6 |
| (k) The members of the Board shall receive no compensation | 7 |
| for the performance of their duties as members, but each member | 8 |
| shall be paid necessary expenses while engaged in the | 9 |
| performance of his or her duties.
| 10 |
| Section 420. Powers and duties of Board. | 11 |
| (a) The Board has the following powers and functions: | 12 |
| (1) To adopt by-laws and rules for the regulation of | 13 |
| its affairs and the conduct of its business. | 14 |
| (2) To adopt an official seal and alter the same at the | 15 |
| Board's pleasure. | 16 |
| (3) To maintain an office. | 17 |
| (4) To develop and implement the Plan, including | 18 |
| creating grant programs and making grants to healthcare | 19 |
| providers to help compensate for disproportionate cost | 20 |
| increases in medical malpractice insurance, to assist in | 21 |
| attracting new medical school graduates to practice in this | 22 |
| State by offering loan repayment assistance, and to adopt | 23 |
| regulations and rules required to implement the Plan. | 24 |
| (5) To determine what funding, if any, is necessary to | 25 |
| operate the Plan, subject to the limitation in subsection | 26 |
| (c) of Section 510 of the Assessment Mechanism for the | 27 |
| Healthcare Provider Stabilization Board Act. | 28 |
| (6) To sue and be sued in its own name and plead and be | 29 |
| pleaded.
| 30 |
| (7) To employ or to contract for attorneys, | 31 |
| accountants, financial experts, and any other employees | 32 |
| and agents as may be necessary in its judgment, and to fix | 33 |
| their compensation and benefits. The Board may take any |
|
|
|
09300SB2241ham002 |
- 6 - |
LRB093 15873 WGH 51755 a |
|
| 1 |
| action as it deems appropriate to enable its employees to | 2 |
| come within the provisions and obtain the benefits of the | 3 |
| Federal Social Security Act. | 4 |
| (8) To appoint any technical or professional advisory | 5 |
| committees that may be necessary in the Board's judgment, | 6 |
| to define their duties, and to provide reimbursement of | 7 |
| their expenses. | 8 |
| (9) To enter into contracts as are necessary or proper | 9 |
| to carry out any of its corporate purposes. | 10 |
| (10) To do all things necessary or convenient to carry | 11 |
| out the purposes of this Act. | 12 |
| (b) The Board shall keep an accurate account of all | 13 |
| activities, receipts, and expenditures related to the Plan and | 14 |
| shall annually, in the month of April, make a report to the | 15 |
| Governor, the State Comptroller, the Clerk of the House of | 16 |
| Representatives, and the Secretary of the Senate. The report | 17 |
| shall be a public record and open for inspection at the offices | 18 |
| of the Board during normal business hours. The report shall | 19 |
| summarize the activities of the Plan during the preceding | 20 |
| calendar year including all grants to healthcare providers. The | 21 |
| Auditor General of the State of Illinois may, according to the | 22 |
| provisions of the Illinois State Auditing Act, investigate the | 23 |
| affairs of the Board, examine the properties and records of the | 24 |
| Board, and prescribe methods of accounting and the rendering of | 25 |
| periodical reports in relation to projects undertaken by the | 26 |
| Board.
| 27 |
| Section 425. Creation and operation of the Plan. The Board | 28 |
| shall create the Illinois Healthcare Provider Stabilization | 29 |
| Plan. The Plan shall operate subject to the control and | 30 |
| supervision of the Board. | 31 |
| Section 430. Contents of the Plan. The Plan shall include, | 32 |
| but shall not be limited to, the following: |
|
|
|
09300SB2241ham002 |
- 7 - |
LRB093 15873 WGH 51755 a |
|
| 1 |
| (1) An analysis of revenues available to the Board for | 2 |
| the making of grants to healthcare providers. | 3 |
| (2) A prioritization of those healthcare providers to | 4 |
| whom grants shall be made consistent with the following: | 5 |
| (A) Physicians shall receive a priority over | 6 |
| hospitals and hospitals shall receive a priority over | 7 |
| other healthcare providers, except that hospitals that | 8 |
| directly or through a controlled affiliate employ | 9 |
| physicians or otherwise purchase or provide medical | 10 |
| malpractice insurance for residents or physicians on | 11 |
| staff shall receive equal priority with physicians who | 12 |
| purchase coverage for themselves. Physicians seeking | 13 |
| assistance for the financing of tail coverage policies | 14 |
| (policies covering claims made during the policy term | 15 |
| for events that occurred during a designated previous | 16 |
| policy term) have priority over other physicians. | 17 |
| Physician specialties and subspecialties | 18 |
| disproportionately affected, as determined by the | 19 |
| Board, shall receive a priority over physician | 20 |
| specialties less affected. | 21 |
| (B) Healthcare providers serving a | 22 |
| disproportionately higher percentage or number of | 23 |
| Medicaid recipients or inpatient days shall receive a | 24 |
| priority over healthcare providers serving lower | 25 |
| percentages of Medicaid recipients, except that the | 26 |
| priority set forth in this item (B) shall not apply if | 27 |
| the General Assembly appropriates new funds from the | 28 |
| Fund to the Illinois Department of Public Aid. | 29 |
| (C) Geographic areas of the State | 30 |
| disproportionately affected, as determined by the | 31 |
| Board, shall receive a priority over geographic areas | 32 |
| less affected. | 33 |
| (4) Reasonable means testing for recipients of grants. | 34 |
| (5) A loan repayment assistance program established by |
|
|
|
09300SB2241ham002 |
- 8 - |
LRB093 15873 WGH 51755 a |
|
| 1 |
| the Board for physicians in Illinois. | 2 |
| (A) To be eligible for loan repayment assistance, | 3 |
| an applicant must meet all of the following | 4 |
| qualifications: | 5 |
| (i) He or she must be a citizen or permanent | 6 |
| resident of the United States. | 7 |
| (ii) He or she must be a resident of Illinois. | 8 |
| (iii) He or she must be a recent graduate of a | 9 |
| registered professional physician education | 10 |
| program or practicing full-time in Illinois as a | 11 |
| physician. | 12 |
| (B) For each year that a qualified applicant | 13 |
| practices full-time in Illinois as a physician, the | 14 |
| Board shall, subject to available revenues, award | 15 |
| assistance to that person in an amount equal to the | 16 |
| amount in educational loans that the person must repay | 17 |
| that year. However, the total amount of assistance that | 18 |
| a person may be awarded under the program shall not | 19 |
| exceed $25,000. The Board shall require recipients to | 20 |
| use the assistance to pay off their educational loans.
| 21 |
| (C) A physician receiving assistance under the | 22 |
| loan repayment assistance program must agree to | 23 |
| continue to practice full-time in Illinois for 3 years | 24 |
| following receipt of loan repayment assistance. | 25 |
| (6) Procedures to apply for grants and loan repayment | 26 |
| assistance, provided any licensed healthcare provider | 27 |
| shall be entitled to apply. As soon as practicable, the | 28 |
| application process shall be made available | 29 |
| electronically.
| 30 |
| Section 432. Limitation on grants or other assistance. The | 31 |
| Board may award grants or other assistance pursuant to the | 32 |
| Illinois Healthcare Provider Stabilization Plan only in | 33 |
| calendar years in which an assessment is made pursuant to |
|
|
|
09300SB2241ham002 |
- 9 - |
LRB093 15873 WGH 51755 a |
|
| 1 |
| Section 520 of the Assessment Mechanism for the Healthcare | 2 |
| Provider Stabilization Board Act. | 3 |
| Section 435. Healthcare Provider Stabilization Plan Fund. | 4 |
| The Healthcare Provider Stabilization Plan Fund is created as a | 5 |
| special fund in the State treasury. The Healthcare Provider | 6 |
| Stabilization Plan Fund shall be used, subject to | 7 |
| appropriation, to accomplish the purposes of the Plan and for | 8 |
| the operating expenses of the Board. Only moneys collected | 9 |
| pursuant to the Assessment Mechanism for the Healthcare | 10 |
| Provider Stabilization Board Act may be deposited into the | 11 |
| Fund. | 12 |
| The Healthcare Provider Stabilization Plan Fund is exempt | 13 |
| from the provisions of subsection (c) of Section 5 of the State | 14 |
| Finance Act. If the Fund is inactive for 5 years or longer, | 15 |
| however, the balance remaining in the Fund shall be transferred | 16 |
| by the Comptroller into the General Revenue Fund.
| 17 |
| Section 495. The State Finance Act is amended by adding | 18 |
| Section
5.625 as follows:
| 19 |
| (30 ILCS 105/5.625 new)
| 20 |
| Sec. 5.625. The Healthcare Provider Stabilization Plan | 21 |
| Fund.
| 22 |
| ARTICLE 5. ASSESSMENT MECHANISM FOR THE HEALTHCARE PROVIDER | 23 |
| STABILIZATION BOARD ACT | 24 |
| Section 501. Short title. This Article 5 may be cited as | 25 |
| the Assessment Mechanism for the Healthcare Provider | 26 |
| Stabilization Board Act , and references in this Article to | 27 |
| "this Act" mean this Article. | 28 |
| Section 505. Definitions. As used in this Act: |
|
|
|
09300SB2241ham002 |
- 10 - |
LRB093 15873 WGH 51755 a |
|
| 1 |
| "Department" means the Department of Insurance. | 2 |
| "Director" means the Director of Insurance. | 3 |
| "Board" means the Illinois Healthcare Provider | 4 |
| Stabilization Board. | 5 |
| "Health maintenance organization" means an organization as | 6 |
| defined in the
Health Maintenance Organization Act. | 7 |
| "Insured" means any individual resident of this State who | 8 |
| is eligible to receive
benefits, either directly or indirectly, | 9 |
| from any insurer. | 10 |
| "Insurer" means any insurance company authorized to | 11 |
| transact health insurance
business in this State and any | 12 |
| corporation that provides medical services and is
organized | 13 |
| under the Voluntary Health Services Plans Act or the Health | 14 |
| Maintenance
Organization Act. | 15 |
| "Resident" means a person who is and continues to be | 16 |
| legally domiciled and
physically residing on a permanent and | 17 |
| full-time basis in a place of permanent
habitation in this | 18 |
| State that remains that person's principal residence and from | 19 |
| which
that person is absent only for temporary or transitory | 20 |
| purpose. | 21 |
| "Stop-loss coverage" means an arrangement whereby an | 22 |
| insurer insures
against the risk that any one claim will exceed | 23 |
| a specific dollar amount or that the entire
loss of a | 24 |
| self-insurance plan will exceed a specific amount. | 25 |
| "Third party administrator" means an administrator as | 26 |
| defined in Section 511.101
of the Illinois Insurance Code who | 27 |
| is licensed under Article XXXI 1/4 of that Code.
| 28 |
| Section 510. Funding of operations of the Board. | 29 |
| (a) Moneys needed to operate the Plan, as determined by the | 30 |
| Board pursuant to item (5) of subsection (a) of Section 420 of | 31 |
| the Healthcare Provider Stabilization Board Act, shall be | 32 |
| funded by an assessment of all insurers
made in accordance with | 33 |
| the provisions of this Act. In any year during which |
|
|
|
09300SB2241ham002 |
- 11 - |
LRB093 15873 WGH 51755 a |
|
| 1 |
| assessments are made pursuant to Section 520 of this Act, the | 2 |
| Board shall assess all insurers on a quarterly basis in | 3 |
| accordance with the provisions of this Section. The
Board may | 4 |
| also assess additional amounts, subject to the limitation set | 5 |
| forth in
subsection (c) of this Section, no more than 4 times a | 6 |
| year to fund unanticipated
expenses, implementation expenses, | 7 |
| and cash flow needs. | 8 |
| (b) An insurer's assessment shall be determined by | 9 |
| multiplying the total operational expenses of the Plan,
as | 10 |
| determined in subsection (a) of this Section, by a fraction, | 11 |
| the numerator of which
equals that insurer's direct Illinois | 12 |
| premiums during the preceding calendar year and the
denominator | 13 |
| of which equals the total of all insurers' direct Illinois | 14 |
| premiums. The Board
may exempt those insurers whose share as | 15 |
| determined under this subsection would be
so minimal as to not | 16 |
| exceed the estimated cost of levying the assessment. | 17 |
| (c) The Board shall charge and collect from each insurer | 18 |
| the amounts determined to
be due under this Section. In no | 19 |
| event shall the Board assess an
amount greater than 0.5% of all | 20 |
| insurers' total direct Illinois premiums. This assessment
| 21 |
| shall be billed by Board invoice, based upon reports filed with | 22 |
| the Director of Insurance
on forms prescribed by the Director. | 23 |
| The invoice shall be due upon receipt and must be paid no later | 24 |
| than 30 days after receipt by the insurer. | 25 |
| (d) When an insurer fails to pay the full amount of any | 26 |
| assessment of $100 or more
due under this Section there shall | 27 |
| be added to the amount due as a penalty the greater
of $50 or an | 28 |
| amount equal to 5% of the deficiency for each month or part of | 29 |
| a month
that the deficiency remains unpaid.
| 30 |
| (e) Amounts collected under this Section shall be held in | 31 |
| accordance with Section
435 of the Healthcare Provider | 32 |
| Stabilization Board Act.
| 33 |
| (f) An insurer may petition the Director for an abatement | 34 |
| or deferment of all or part of
an assessment imposed by the |
|
|
|
09300SB2241ham002 |
- 12 - |
LRB093 15873 WGH 51755 a |
|
| 1 |
| Board. The Director may abate or defer, in whole or in
part, if | 2 |
| payment of the assessment would endanger the ability of the | 3 |
| insurer to fulfill its
contractual obligations. If an | 4 |
| assessment against an insurer is abated or
deferred, in whole | 5 |
| or in part, the amount by which the assessment is abated or | 6 |
| deferred
shall be assessed against the other insurers in a | 7 |
| manner consistent with the basis for
assessments set forth in | 8 |
| this subsection. The insurer receiving a deferment shall
remain | 9 |
| liable to the plan for the deficiency for 4 years. | 10 |
| Section 515. Appeal of assessment. The Board shall | 11 |
| establish procedures for appeal by an insurer subject to
| 12 |
| assessment pursuant to this Act. These procedures shall require | 13 |
| that:
| 14 |
| (1) Any insurer that wishes to appeal all or any part | 15 |
| of an assessment made
pursuant to Section 510 shall first | 16 |
| pay the amount of the assessment as set forth in the
| 17 |
| invoice provided by the Board within the time provided in | 18 |
| subsection (a) of Section 510. The
Board shall hold such | 19 |
| payments in a separate interest-bearing account. The | 20 |
| payments
shall be accompanied by a statement in writing | 21 |
| that the payment is made under appeal.
The statement shall | 22 |
| specify the grounds for the appeal. The insurer may be
| 23 |
| represented in its appeal by counsel or other | 24 |
| representative of its choosing.
| 25 |
| (2) Within 90 days following the payment of an | 26 |
| assessment under appeal by any
insurer, the Board shall | 27 |
| notify the insurer or representative designated by the | 28 |
| insurer in
writing of its determination with respect to the | 29 |
| appeal and the basis or bases for that
determination, | 30 |
| unless the Board notifies the insurer that a reasonable | 31 |
| amount of
additional time is required to resolve the issues | 32 |
| raised by the appeal.
| 33 |
| (3) The Board shall refer to the Director any question |
|
|
|
09300SB2241ham002 |
- 13 - |
LRB093 15873 WGH 51755 a |
|
| 1 |
| concerning the reports
required under subsection (c) of | 2 |
| Section 510. Unless additional time is required to resolve | 3 |
| the
question, the Director shall within 60 days report to | 4 |
| the Board in writing his
or her determination with respect | 5 |
| to any such questions. | 6 |
| (4) If the Board determines that the insurer is | 7 |
| entitled to a refund, the
refund shall be paid within 30 | 8 |
| days following the date upon which the Board makes its
| 9 |
| determination, together with the accrued interest. | 10 |
| Interest on any refund due an insurer
shall be paid at the | 11 |
| rate actually earned by the Board on the separate account. | 12 |
| (5) The amount of any refund shall then be assessed | 13 |
| against all insurers in a
manner consistent with the basis | 14 |
| for assessment as otherwise authorized by this
Act. | 15 |
| (6) The Board's determination with respect to any | 16 |
| appeal received pursuant to this
Section shall be a final | 17 |
| administrative decision as defined in Section 3-101 of the
| 18 |
| Code of Civil Procedure. The provisions of the | 19 |
| Administrative Review Law shall apply
to and govern all | 20 |
| proceedings for the judicial review of final | 21 |
| administrative decisions of
the Board. | 22 |
| (7) If an insurer fails to appeal an assessment in | 23 |
| accordance with the provisions of
this Section, the insurer | 24 |
| shall be deemed to have waived its right of appeal.
| 25 |
| Section 520. Assessment. | 26 |
| (a) If the premiums in the preceding calendar year for all | 27 |
| medical malpractice insurance carriers in the State increased | 28 |
| by an amount equal to or greater than 10%, assessments shall be | 29 |
| made pursuant to this Act, the moneys shall be deposited into | 30 |
| the Healthcare Provider Stabilization Plan Fund, and grants and | 31 |
| assistance shall be paid in accordance with the Healthcare | 32 |
| Provider Stabilization Plan established under the Healthcare | 33 |
| Provider Stabilization Board Act. |
|
|
|
09300SB2241ham002 |
- 14 - |
LRB093 15873 WGH 51755 a |
|
| 1 |
| (b) If the premiums in the preceding calendar year for all | 2 |
| medical malpractice insurance carriers in the State increased | 3 |
| by an amount less than 10%, assessments shall not be made | 4 |
| pursuant to this Act.".
|
|