This bill updates the regulations governing health maintenance organizations (HMOs) in Minnesota by amending several sections of the Minnesota Statutes. Key changes include clarifying the roles of the commissioners of commerce and health in overseeing insurance holding company systems and HMOs. Specifically, the bill allows the commissioner of health to adopt rules necessary for the regulation of HMOs, ensuring they comply with existing insurance provisions unless alternative rules are established. Additionally, the bill specifies that the commissioner of commerce will oversee general insurance regulations, while the commissioner of health will focus on health-related aspects.

The amendments also enhance the powers of the commissioner to examine insurers and their affiliates to assess financial conditions and risks. The bill modifies the definition of "commissioner" to include both the commissioner of commerce and the commissioner of health, depending on the context. Furthermore, it updates the financial responsibilities of registered insurers during examinations and clarifies the applicability of certain insurance provisions to HMOs, ensuring they align with the broader regulatory framework while allowing for specific health-related adaptations.

Statutes affected:
Introduction: 13.7191, 60D.15, 60D.21, 60D.23, 62D.221