Legislation sponsored by State Senator Kevin Bacon that updates Ohio’s insurance laws to reflect recent changes in federal law was signed today by Governor John Kasich. Senate Bill 9 suspends the Open Enrollment Program, the Ohio Health Reinsurance Program, and the conversion of health insurance policies/contracts option. These programs will be rendered unnecessary beginning in 2014 due to changes in federal law.
“I am deeply honored to be recognized as Legislator of the Year by an organization dedicated to improving the lives of individuals by recognizing their abilities rather than their disabilities,” said Bacon.
State Senator Kevin Bacon yesterday received the Legislator of the Year award from the National Association of Mutual Insurance Companies (NAMIC). Bacon received this award for his efforts on Senate Bill 140 which modernized Ohio’s insurance laws.
State Senator Kevin Bacon today announced the Ohio Controlling Board’s release of state funds to aid in the construction of a new high school for the Groveport Madison Local School District. The funds were requested by the Ohio School Facilities Commission as part of their Classroom Facilities Assistance Program.
Senate Bill 140, introduced by State Senator Kevin Bacon (R-Minerva Park), was signed into law today by Governor Kasich. Senate Bill 140 will enact sweeping reforms to Ohio’s insurance industry by freeing up large amounts of capital for investment, bringing off-shore re-insurance companies under the jurisdiction of the Ohio Department of Insurance, bolstering consumer protections, and stabilizing rates. Provisions in the law also allow Ohio to maintain its accreditation with the National Association of Insurance Commissioners (NAIC).