Bill > HB261

This bill updates language in the Insurance Company Law of 1921 and community health reinvestment definitions, primarily focusing on modernizing terminology related to disabilities. Specifically, the bill replaces outdated phrases like "mental retardation or physical handicap" with more respectful and contemporary terms such as "intellectual or physical disability" in three key areas: insurance policy provisions for dependent children, group accident and sickness insurance coverage, and definitions of community health reinvestment activities. The changes ensure that insurance policies cannot automatically terminate coverage for dependent children who are unable to be self-supporting due to intellectual or physical disabilities, provided the policyholder submits proof of the dependent's condition within 31 days of the child reaching the age limit. The bill maintains existing protections that allow insurers to require evidence of insurability and apply standard policy conditions. By updating language and maintaining substantive protections, the bill aims to use more inclusive and sensitive terminology while preserving the core intent of existing insurance regulations.