โ๏ธ HB99
Exclude certain agricultural entities from insurance regulations
Current Status: In House Committee (Insurance)
Summary
The bill excludes nonprofit agricultural membership organizations from insurance regulations, stating that such organizations are not subject to certain insurance laws and that their healthcare benefit coverage is not classified as insurance. It defines these organizations as those incorporated in Ohio before 1919 that provide healthcare benefits exclusively to their members and their families.
Rationale
The bill supports the principles of economic liberty by reducing government regulation on nonprofit agricultural organizations, aligning with the Libertarian Party's emphasis on free markets and minimal government interference. Both the LP and LPO platforms advocate for reduced government control over economic activities, which this bill promotes.
