Chairperson Dietrich opened the hearing on HB2044. Revisor Eileen Ma provided a synopsis of the bill and stood for questions. (Attachment 3)

Eric Turek of the Department of Insurance was a proponent of the bill.(Attachment 4) He explained that this bill would facilitate the return of funds to appropriate payors during instances of third party administrator bankruptcies. It is a companion bill to SB21 in which this Committee had amended the word "immediately" and the House bill had no amendments. He answered questions from the Committee.

There was no other testimony.

Chairperson Dietrich closed the hearing on HB2044.