AN ACT RELATING TO INSURANCE -- UNAUTHORIZED INSURANCE BUSINESS -- MEDICAL MALPRACTICE INSURANCE

Summary

The bill lets hospitals affiliated with accredited medical schools provide their own malpractice coverage for staff, physicians and students instead of buying traditional insurance. The self‑insurance program must be approved, funded and regularly audited by the Department of Business Regulation, which also gains authority over all other malpractice coverage in the state. It adds new reporting duties for insurers and self‑insured entities to medical licensing boards.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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