To amend the charter of the Group Hospitalization and Medical Service, Inc., to remove the partial exemption granted to the corporation from the insurance laws and regulations of the District of Columbia.
Referred to the Subcommittee on Fiscal Affairs and Health.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Jul 22, 1993
Amends the charter of the Group Hospitalization and Medical Services, Inc. (Blue Cross and Blue Shield) to make the District of Columbia its legal domicile. Requires the corporation to be licensed and regulated by the District in accordance with its rules and regulations. Repeals exemption of the corporation from District of Columbia insurance regulations. Requires the corporation to reimburse the District for the costs of insurance regulation (including financial and market conduct examinations) of the corporation and its affiliates and subsidiaries.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jun 2, 2021. Consult Congress.gov for the current record.
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