Our first year was full of meaningful work by all divisions of our agency. We strive to continuously improve the protection of Montanans in both Securities and Insurance. In this issue, we highlight success from 2021 and offer investor fraud tips. We also cover the No Suprises Act and Pharmacy Benefit Managers, which both go into effect on January 1, 2022.
CSI has been working hard on many important items including Senate Bill 363, the No Surprises Act, Insurance After-the-Fact, and we had an incredible turnout for the 2021 Montana Insurance Summit in Helena, Montana.
Over the previous quarter, the CSI team has been busy working to create rules and implement the 17 bills our agency got across the finish line during the last Legislative Session. We believe these bills will protect consumers, lower prescription drug costs, and make Montana a more competitive insurance market.
As an agency, we were honored to have received bipartisan support on 17 bills that CSI brought forward or supported. These included regulation of pharmacy benefit managers, expanding insurance and retirement products offered to Montanans, stopping auto and homeowner insurance companies from using old claims history to deny coverage or increase rates, and continuing telehealth accessibility.