A bill to amend the Internal Revenue Code of 1986 to impose an excise tax on insurance companies not meeting certain requirements with respect to health insurance provided to small employers.
American Health Security Act of 1991 - Amends the Internal Revenue Code to impose an excise tax on insurance companies which do not meet mandatory policy and guaranteed issuance requirements and specific contractual requirements concerning coverage, rating, or disclosure and recordkeeping with respect to accident and health insurance provided to small employers.
Permits Federal-State agreements to: (1) apply State laws in lieu of this Act; or (2) provide for States to determine if insurers are in compliance with such Act.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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