SB 505/ HB 1619 - Workers' Compensation Insurance - Premium Discount - Alcohol- and Drug-Free Workplace Program
This bill requires workers' compensation insurers to provide a premium discount to policyholders for implementing and maintaining an alcohol and drug-free workplace program. The bill places an emphasis on education and treatment. Chesapeake Employers currently offers a drug free workplace credit with emphasis on drug testing (pre-hire, random and post-accident) that is not affected at this time by this law. This bill goes into effect on October 1, 2016.
SB 851/ HB 1408 – P&C Ins. – Commercial Policies and WC Policies – Notices of Premium Increases
This bill alters the amount of premium increase that triggers the requirement of notice of a premium increase to be sent to a policyholder at least 45 days prior to the increase. An increase of the expiring policy premium of 15% or more (with some exceptions) will require a notice of premium increase to be sent. This bill goes into effect on October 1, 2016.
SB 839/ HB 958 - Insurance - Rate Filings - Trade Secrets
This bill protects the confidentiality of rate filing, etc. information that an insurer files with the Maryland Insurance Commissioner as proprietary rate-related information. While Chesapeake Employers is not currently required to file rates with the MIA, after the statutory phase-in to the full NCCI affiliation we will be impacted by this bill. This bill goes into effect on October 1, 2016.
HB 437/SB 537 - DHMH - Prescription Drug Monitoring Program - Modifications
This bill was a major Chesapeake Employers initiative for the 2016 Session. It will require authorized providers and prescribers to be registered with the Prescription Drug Monitoring Program before obtaining a new or renewal registration or by July 1, 2017, whichever is sooner. This bill requires that pharmacists be registered with the Program. Most importantly, this bill requires prescribers to request and access drug monitoring data in the course of treatment of their patients. Chesapeake Employers has been very active in the effort to change the law to require physicians and pharmacists to access the PDMP. This bill goes into effect on October 1, 2016.
Senate Bill 465 was passed by the Maryland General Assembly and signed into law (Chapter 36, 2015) by Governor Larry Hogan on Tuesday, April 14, 2015.
The law requires Chesapeake Employers’ Insurance Company to join the National Council on Compensation Insurance (NCCI) and gradually adopt its rating system.
Chesapeake Employers will be required to file its rates with the Maryland Insurance Commissioner.
The law allows Chesapeake Employers, or a subsidiary of the company, to write workers' compensation insurance in other states. The Company will be limited to workers’ compensation and will continue to be the guaranteed market in the state of Maryland.
The law also alters the company's Board of Directors beginning in 2020. (Eventually 7 of the 9 Board members will be elected by policyholders.)
As we transition to NCCI over the next seven years, Chesapeake Employers will work diligently to minimize the impact to our policyholders.
The complete text of each bill is available online at the General Assembly website,
http://mlis.state.md.us/ under “Bill Information and Status.”