Consideration of SB 118 and Nomination of Glenn Moyer as Secretary of Banking

Tuesday, April 12, 2011
9 a.m.
Senate Majority Caucus Room

 videoAudio– :42

To consider the nomination of Glenn Moyer as Secretary of Banking

Consideration of Senate Bill 118 amends Pennsylvania’s Risk-based capital (RBC) statute for health organizations to add a trend test component. This would require health insurers to more quickly formulate corrective action plans to address solvency issues before regulatory action becomes necessary.

SB 118 Summary