Enrolled Bill Summary

Senate Bill 891 amends the Insurance Code to authorize the Joint Underwriting Association (JUA) to provide general liability insurance coverage in connection with the medical liability insurance policies it issues. The bill eliminates a provision relating to the policyholder’s stabilization reserve fund for physicians and health care providers that authorizes the commissioner of insurance to direct the initiation or continuation of the fund charge for policyholders until the fund recovers any losses or cost-containment expenses that exceed 25 percent of the fund in any fiscal year. The bill also eliminates a provision that requires that the fund be credited with all fund charges collected and charged with any deficit from JUA operating costs for the previous year.