February 8th - 12th
Rep. Jim Dunnigan
During week 3 of the Legislative Session, the Utah House of Representatives passed key ethics reform measures. The senate is currently considering those measures and we look forward to a robust debate on those issues shortly. This week, Legislative members will be given an update on the budget which will give them the exact amount of money they have to work with for the 2011 fiscal year.
H.B. 40 – Utah Life and Health Insurance Guaranty Association Amendments – Feb. 8 – 72/0 votes – Sponsored by Rep. James A. Dunnigan (R-Taylorsville)
This bill modifies the Utah Life and Health Insurance Guaranty Association Act to make various amendments. It increases the coverage limit on annuities from $200,000 to $250,000. Instead of providing $500,000 combined for life and health insurance, it divides the two categories and provides $500,000 for life and an additional $500,000 for health. It provides Utah consumers with a greater benefit should their insurance company become insolvent.
