Assignment of Benefits Bills Stall in Committees
Bills in the Senate and the House of Representatives relating to the assignment of benefits under insurance policies, or AOB as it has been called, have stalled in committees in the respective chambers. Senate bill 1064 was on the agenda for last week’s Senate Judiciary committee meeting, but the committee had a lot of bills to consider and not much time to hear them. The AOB bill did not come up, and the Judiciary committee is not scheduled to meet again this session. The House of Representatives’ version of the bill, HB 669, has been stalled in the Regulatory Affairs committee, which also is not scheduled to meet again this session. The insurance industry has pointed to abuses of assignements of benefits as a cost driver that puts upward pressure on rates.