[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1213 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                S. 1213

       To make amendments to the Congressional charter for Group 
                 Hospitalization and Medical Services.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 13, 1993

   Mr. Nunn introduced the following bill; which was read twice and 
           referred to the Committee on Governmental Affairs

_______________________________________________________________________

                                 A BILL


 
       To make amendments to the Congressional charter for Group 
                 Hospitalization and Medical Services.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. LEGAL DOMICILE.

    The first section of the Act entitled ``An Act providing for the 
incorporation of certain persons as Group Hospitalization, Inc.'', 
approved August 11, 1939 (referred to as ``the Act''), is amended by 
adding at the end thereof the following: ``The District of Columbia 
shall be the legal domicile of the corporation.''.

SEC. 2. REGULATORY AUTHORITY.

    (a) In General.--Section 5 of the Act is amended to read as 
follows:
    ``Sec. 5. The corporation shall be licensed and regulated by the 
District of Columbia in accordance with the laws and regulations of the 
District of Columbia.''.
    (b) Repeal.--The Act is amended by striking section 7.

SEC. 3. REIMBURSEMENT OF REGULATORY COSTS BY THE CORPORATION.

    The Act (as amended by section 2) is amended by inserting after 
section 6 the following new section:
    ``Sec. 7. The corporation shall reimburse the District of Columbia 
for the costs of insurance regulation (including financial and market 
conduct examinations) of the corporation and its affiliates and 
subsidiaries by the District of Columbia.''.

SEC. 4. EFFECTIVE DATE.

    The amendments made by this Act shall take effect on the date of 
enactment of this Act.

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