A bill to amend the charter of the Group Hospitalization and Medical Services, Inc., to remove the partial exemption granted to the corporation from the insurance laws and regulations of the District of Columbia.

Summary

Amends the charter of the Group Hospitalization and Medical Services, Inc. (Blue Cross and Blue Shield) to make the District of Columbia its legal domicile. Requires the corporation to be licensed and regulated by the District in accordance with its rules and regulations. Repeals the exemption of the corporation from District of Columbia insurance laws. Requires the corporation to reimburse the District for the costs of insurance regulation (including financial and market conduct examinations) of the corporation and its affiliates and subsidiaries.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 29 July 1992

   Introduced

   Read twice and referred to the Committee on Governmental Affairs.

   Source: IntroReferral

2. 29 July 1992

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 29 July 1992

  Open at official source

Sponsors

• Sen. Nunn, Sam [D-GA] · D · Sponsor
• Sen. Roth Jr., William V. [R-DE] · R · Cosponsor
• Sen. Reid, Harry [D-NV] · D · Cosponsor
• Rep. Akaka, Daniel K. [D-HI-2] · D · Cosponsor
• Sen. Wellstone, Paul D. [D-MN] · D · Cosponsor
• Sen. Pryor, David H. [D-AR] · D · Cosponsor
• Sen. Pell, Claiborne [D-RI] · D · Cosponsor
• · ssga00 · Standing

Related records

• related to → To amend the charter of the Group Hospitalization and Medical Services, Inc., to remove the partial exemption granted to the corporation from the insurance laws and regulations of the District of Columbia.