Requiring that, in establishing rates for medical malpractice insurance, due consideration be given to total investment income; providing that, for medical malpractice insurance, a rate is excessive if the rate does not reflect the total investment income that the insurer reasonably can be expected to earn on all its assets during the period the rate will be in effect or if for any other reason the rate is unreasonably high for the insurance coverage provided; etc.

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Sponsored by:

Senator Delores G. Kelley, District 10

Senator Gwendolyn Britt, District 47

Senator Joan Carter Conway, District 43

Senator George W. Della, Jr., District 46

Senator Jennie M. Forehand, District 17

Senator Brian E. Frosh, District 16

Senator Rob Garagiola, District 15

Senator Lisa A. Gladden, District 41

Senator Sharon M. Grosfeld, District 18

Senator Patrick J. Hogan, District 39

Senator J. Robert Hooper, District 35

Senator Ralph M. Hughes, District 40

Senator Verna L. Jones, District 44

Senator Thomas V. Mike Miller, Jr., District 27

Senator Norman R. Stone, Jr., District 6

Bill indexed under the following Subjects:

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

INVESTMENTS -see also- SECURITIES

MEDICAL MALPRACTICE

PRICES -see also- CONSUMER PRICE INDEX

Bill affects the following Statutes:

Insurance

( 11-205 , 11-205 , 11-206 )

Documents:

Bill Text: First Reading (RTF / PDF), Third Reading, Enrolled

Fiscal Note: Available (WORD / PDF)

Amendments: None offered