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Proposed Rules and Public Comment

Proposed Rules

Administrative

No rules currently proposed for the Administration Division.


Insurance and Healthcare

DFR Regulation I-2023-X

Title of Rule: Privacy of Consumer Financial and Health Information

Brief Summary of Rule: The Department of Financial Regulation's rule on "Privacy of Consumer Financial and Health Information" establishes limitations on how insurance companies, other entities that offer insurance to Vermont consumers, and insurance agents share consumers' financial and health information. The rule is being amended to modernize and streamline how annual notices identifying these privacy practices are provided to consumers. Instead of delivering an annual privacy notice to consumers individually, entities and agents who meet specific criteria will have the option to provide the notice on their website. This rule amendment will make the requirements for the provision of annual privacy notices consistent with federal law and with similar requirements, established in other rules, for entities regulated by the Banking Division. This rule amendment also makes technical corrections and clarifies what to include in the federal model privacy form should an entity elect to use that form as its privacy notice.

Date of Public Hearing: February 21, 2023 - 1 pm

Location: Microsoft Teams Virtual Hearing

Use this link to access the meeting

  Call-in Access:  +1 802-828-7667
  Access Code: ID 385934269#

Contact for public comments: Diane Sherman / diane.sherman@vermont.gov

Public Comment Period Ends: February 28, 2023

     Related Documents: 

* The typographical error in the new rule number identified on the first page will be corrected.

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DFR Regulation H-2011-02

Title of Rule: Independent External Review of Health Care Service Decisions

Brief Summary of Rule: The Independent External Review of Health Care Services Decision (hereafter, the Rule) provides a process for individuals whose health insurance plan has denied, reduced or terminated their health insurance coverage or denied payment for a health care service, and who have exhausted all applicable internal review procedures provided by their health benefit plan, to obtain an independent external review of the plan's decision. In addition to technical corrections, the proposed Rule revisions expand the scope of external review to any adverse benefit determination involving whether a claim is eligible for surprise billing and cost-sharing protections under the federal No Surprises Act.

ICAR Filing

Date of Public Hearing: January 26, 2023 - 9 am

Location: Department of Financial Regulation | 89 Main Street, Third Floor Conference Room | Montpelier VT 05602
If public hearing is wholly or partly virtual, access can be made by calling +1 802-828-7667 and entering this access code: ID 729008073#.

Contact for public comments: Sebastian Arduengo / Sebastian.Arduengo@vermont.gov

Public Comment Period Ends: February 2, 2023

     Related Documents: 


Banking

No rules currently proposed for the Banking Division. 

 

Captive Insurance

No rules currently proposed for the Captive Insurance Division. 

 

Securities

No rules currently proposed for the Securities Division. 


Public Comment

No material available for Public Comment.

Public Hearings

For: DFR Regulation Number: Rule H-2011-02 | Independent External Review of Health Care Service Decisions
When: January 26, 2023 - 9 am
Where: Department of Financial Regulation | 89 Main Street, Third Floor Conference Room | Montpelier VT 05602

For: DFR Regulation Number: Rule I-2023-X | Privacy of Consumer Financial and Health Information
When: February 21, 2023 - 1 pm
Where: Virtual Hearing via Microsoft Teams (use this link to access the meeting)
Call-in Information: +1 802-828-7667; enter access code: ID 385934269#