October 20, 2015
On Oct. 12, 2015, Louisiana Commissioner of Insurance Donelon, issued Bulletin 2015-07, granting transitional relief for small-group rating purposes. As background, the Louisiana legislature previously amended La. R.S. 22:1091(B)(13), changing the definition of ‘small employer’ to make it consistent with the PPACA-mandated change that was to take place under the PPACA on Jan. 1, 2016.
However, the PACE Act recently repealed the upcoming change to the definition of small employer, and allows states to choose how to define ‘small employer.’
In order to address this discrepancy, Commissioner Donelon is providing transitional relief from La. R.S. 22:1091(B)(13) which allows issuers to continue to define small employer as those with 1-50 employees during the preceding calendar year. This transitional relief will be effective for any policy that is issued or renewed on or before Dec. 31, 2016.
Bulletin 2015-07 »