Bill > SB100

This bill creates a new section in Ohio law that establishes specific conditions under which certain nonprofit agricultural membership organizations can be excluded from standard insurance regulations. The bill defines a "nonprofit agricultural membership organization" as an entity incorporated in Ohio before December 31, 1919, that promotes farmers' interests and provides healthcare benefit coverage exclusively to its members and their families. The legislation stipulates that such organizations' healthcare benefit coverage will not be considered insurance and will be exempt from specific insurance-related titles and chapters of the Revised Code, provided that the coverage is provided in writing, with clear disclaimers stating that the coverage is not insurance and not subject to insurance regulations. The organization is prohibited from representing its healthcare benefit coverage as insurance in its marketing materials. Additionally, the bill allows for the risks associated with these healthcare benefit coverages to be assumed or reinsured by authorized insurance companies. This bill appears designed to provide a specific regulatory carve-out for long-standing agricultural membership organizations with their own healthcare benefit systems.

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https://www.legislature.ohio.gov/legislation/136/sb100