Signed by Governor Mike DeWine

Vote Smart's Synopsis:

Vote to pass a bill that exempts nonprofit agricultural organizations from insurance regulations in Ohio.

Highlights:

• Defines “nonprofit agricultural membership organization” as an organization that was incorporated prior to 1920 that provides healthcare benefit coverage exclusively to its members and their families (Sec. 1).

• Exempts healthcare benefit coverage provided by a nonprofit agricultural membership organization from existing code that regulates insurance if it meets the following criteria (Sec. 1):

• The healthcare benefit coverage is provided by the organization to its members;

• The application for healthcare benefit coverage and any contract provided to a member is in writing, and states that it is not insurance nor subject to laws regulating insurance.

• Prohibits a nonprofit agricultural membership organization from representing healthcare benefit coverage it provides as insurance in any material marketing (Sec. 1).

• Specifies that the risks arising from healthcare benefit coverage provided by a nonprofit agricultural membership organization may be assumed or reinsured by an authorized insurance company (Sec. 1).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that exempts nonprofit agricultural organizations from insurance regulations in Ohio.

Highlights:

• Defines “nonprofit agricultural membership organization” as an organization that was incorporated prior to 1920 that provides healthcare benefit coverage exclusively to its members and their families (Sec. 1).

• Exempts healthcare benefit coverage provided by a nonprofit agricultural membership organization from existing code that regulates insurance if it meets the following criteria (Sec. 1):

• The healthcare benefit coverage is provided by the organization to its members;

• The application for healthcare benefit coverage and any contract provided to a member is in writing, and states that it is not insurance nor subject to laws regulating insurance.

• Prohibits a nonprofit agricultural membership organization from representing healthcare benefit coverage it provides as insurance in any material marketing (Sec. 1).

• Specifies that the risks arising from healthcare benefit coverage provided by a nonprofit agricultural membership organization may be assumed or reinsured by an authorized insurance company (Sec. 1).

Full Bill Text