News Headlines Article

First law of its kind in U.S. protects California health-insurance brokers
Sacramento Business Journal

California this week becomes the first state to protect insurance brokers from last-minute changes in health plan contracts. Gov. Jerry Brown on Monday signed Assembly Bill 1163, which requires insurance companies to provide 45-day notice before making major changes to agent contracts. The restriction does not apply to changes that are mutually agreed upon or are necessary due to changes in state or federal law.