Raised Bill No. 402, introduced in the February Session, 2024, pertains to mental health parity and is referred to the Committee on Insurance and Real Estate. The bill mandates that, starting January 1, 2025, and annually thereafter, the Insurance Commissioner must submit a report to the joint standing committee of the General Assembly that oversees insurance matters. This report is to assess the effectiveness of specific sections of the general statutes, namely sections 38a-477ee, 38a-488c, 38a-488d, 38a-514c, and 38a-514d.

The bill includes a new section that will take effect upon passage, which is indicated by an insertion in the text. The purpose of this legislation is to ensure that the Insurance Commissioner provides updates on the effectiveness of the statutes that govern mental health parity. There are no deletions indicated in the provided text of the bill. The bill's focus is on accountability and oversight regarding mental health parity laws in the insurance industry.