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 is responsible for adopting rules related to the broader insurance framework.

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 the commissioner of health when regulating HMOs, and it updates the financial examination responsibilities of registered insurers. Furthermore, it removes certain provisions that previously defined the applicability of insurance regulations to HMOs, streamlining the regulatory framework while ensuring that HMOs remain subject to relevant insurance laws.

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