Proposed Rules
Emergency Rule H-2020-05-E
The purpose of this emergency rule is to expand health insurance coverage for COVID-19 diagnosis, treatment and prevention by relaxing provider credentialing requirements in order to facilitate the reimbursement through commercial insurance for health care services provided by physicians or other health care professionals who hold an equivalent license in another State or who provide care at physical locations where such health care providers are not credentialed.
Revised Rule I-1997-03
The amendments proposed here update Vermont's Credit for Reinsurance Regulation to meet the requirements of the National Association of Insurance Commissioners (NAIC). (The NAIC is the U.S. insurance standardsetting organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories.) The NAIC adopted revisions to its Credit for Reinsurance Model
Law and Model Regulation which created a new type of jurisdiction, called a Reciprocal Jurisdiction, and eliminated reinsurance collateral requirements and local presence requirements for well -capitalized European Union (EU) and United Kingdom (UK) reinsurers. The NAIC revisions also provide Reciprocal Jurisdiction status for accredited U.S. jurisdictions and Qualified Jurisdictions if they meet certain requirements.
An online hearing is scheduled for October 2, 2020 at 9:30 a.m.
Join the online Teams hearing
Call in to the hearing: 802-828-7667, Conference ID - 290963866#
October 9, 2020 is the deadline for comments. Please send your feedback to Sheila Grace, Assistant General Counsel at sheila.grace@vermont.gov.
Emergency Rule H-2020-04-E
Suspension of Prescription Drug Deductibles For Preventive Medications: The purpose of this emergency rule is to suspend health insurance plan deductible requirements for certain prescription drugs while ensuring that high-deductible health plans maintain eligibility for a health savings account under 26 U.S.C. § 223.
Emergency Rule H-2020-03-E
This emergency rule is promulgated pursuant to Act 91 of 2020 and in response to the State of Emergency declared by the Governor of the State of Vermont on March 16, 2020 regarding the outbreak of COVID-19. This emergency rule shall be in effect for the duration of the state of emergency and during that time supersedes the provisions of Insurance Bulletin # 209. The purpose of this emergency rule is to expand health insurance coverage for and waive or limit cost-sharing requirements directly related to, COVID-19 diagnosis, treatment, and prevention for fully funded insurance plans.
Emergency Rule H-2020-02-E
This emergency rule is promulgated pursuant to Act 91 of 2020 and in response to the State of Emergency declared by the Governor of the State of Vermont on March 16, 2020 regarding the outbreak of COVID-19. This emergency rule shall be in effect for the duration of the state of emergency. The purpose of this emergency rule is to expand patients’ access to and providers’ reimbursement for health care services, including preventive services, consultation services, and services to new patients, delivered remotely through telehealth, audio-only telephone, store-and-forward, and brief telecommunication services.
Emergency Rule H-2020-01-E
This emergency rule is promulgated pursuant to 18 V.S.A. § 9414 and 8 V.S.A. § 15 and in response to the State of Emergency declared by the Governor of the State of Vermont on March 16, 2020 regarding the outbreak of COVID-19. The purpose of this emergency rule is to relax provider credentialing requirements in order to facilitate the reimbursement through commercial insurance during the State of Emergency for health care services provided by physicians or other health care professionals who hold an equivalent license in another State.
Other Public Comment Opportunities
Watford Re Ltd. Application as a Certified Reinsurer
Watford Re Ltd. has applied for designation as a certified reinsurer in Vermont. The application was received on February 14, 2020, and was made under V.S.A. Title 8, Chapter 101, §3634a (relating to requirements for certified reinsurers).
Persons who wish to comment on the application are invited to submit a written statement to the Vermont Department of Financial Regulation (Department) within 30 days from the date of this notice. Each written statement must include name, address and telephone number of the interested party; identification of the application to which the statement is addressed; and a concise statement with sufficient detail and relevant facts to inform the Department of the exact basis of the statement. Written statements should be directed to Karen Murphy, Director of Company Licensing, Vermont Department of Financial Regulation, 89 Main Street, Montpelier, VT 05620, karen.murphy@vermont.gov.
This public notice is posted pursuant to Reg. 97-3, Section 8B.(1).
Athene Life Re Ltd. Application as a Certified Reinsurer
Athene Life Re Ltd. has applied for designation as a certified reinsurer in Vermont. The application was received on January 27, 2020, and was made under V.S.A. Title 8, Chapter 101, §3634a (relating to requirements for certified reinsurers).
Persons who wish to comment on the application are invited to submit a written statement to the Vermont Department of Financial Regulation (Department) within 30 days from the date of this notice. Each written statement must include name, address and telephone number of the interested party; identification of the application to which the statement is addressed; and a concise statement with sufficient detail and relevant facts to inform the Department of the exact basis of the statement. Written statements should be directed to Karen Murphy, Director of Company Licensing, Vermont Department of Financial Regulation, 89 Main Street, Montpelier, VT 05620, karen.murphy@vermont.gov.
This public notice is posted pursuant to Reg. 97-3, Section 8B.(1).
Partner Reinsurance Europe SE Application as a Certified Reinsurer
Partner Reinsurance Europe SE has applied for designation as a certified reinsurer in Vermont. The application was received on January 23, 2020, and was made under V.S.A. Title 8, Chapter 101, §3634a (relating to requirements for certified reinsurers).
Persons who wish to comment on the application are invited to submit a written statement to the Vermont Department of Financial Regulation (Department) within 30 days from the date of this notice. Each written statement must include name, address and telephone number of the interested party; identification of the application to which the statement is addressed; and a concise statement with sufficient detail and relevant facts to inform the Department of the exact basis of the statement. Written statements should be directed to Karen Murphy, Director of Company Licensing, Vermont Department of Financial Regulation, 89 Main Street, Montpelier, VT 05620, karen.murphy@vermont.gov.
This public notice is posted pursuant to Reg. 97-3, Section 8B.(1).
