Amends TCA Title 48 and Title 56.

ON MARCH 23, 2023, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 1163, AS AMENDED.<br /> <br /> AMENDMENT #1 rewrites this bill to enact the "Healthcare Sharing Ministries Freedom to Share Act."<br /> <br /> This amendment specifies that a healthcare sharing ministry is not engaging in the business of insurance for purposes of the regulatory requirements for insurance companies and defines "healthcare sharing ministry" to mean a nonprofit corporation that:<br /> <br /> (1) Is tax-exempt under federal law;<br /> <br /> (2) Limits its participants to those members who share a common set of ethical or religious beliefs;<br /> <br /> (3) Acts as a facilitator among participants who have financial or medical needs to assist those with financial or medical needs;<br /> <br /> (4) Provides for the financial or medical needs of a participant through contributions from other participants;<br /> <br /> (5) Provides amounts that participants may contribute with no assumption of risk or promise to pay among the participants, and no assumption of risk or promise to pay by the healthcare sharing ministry to the participants;<br /> <br /> (6) Provides monthly to the participants the total dollar amount of qualified needs actually shared during the previous month;<br /> <br /> (7) Conducts an annual audit that is available to the public by providing a copy upon request or by posting on the organization’s website; and <br /> <br /> (8) Provides a written disclaimer on or accompanying all applications and guideline materials distributed by or on behalf of the organization.<br />