Source: https://law.justia.com/codes/maryland/2013/article-gin/section-14-126/
Timestamp: 2020-06-01 00:33:05
Document Index: 420158616

Matched Legal Cases: ['§ 14', '§ 14', '§ 14', '§ 14', '§14', '§ 2', '§ 11']

§ 14-126 - Filings of amendments and rate changes :: 2013 Maryland Code :: US Codes and Statutes :: US Law :: Justia
Justia US Law US Codes and Statutes Maryland Code 2013 Maryland Code INSURANCE § 14-126 - Filings of amendments and rate changes
§ 14-126 - Filings of amendments and rate changes
MD Ins Code § 14-126 (2013) What's This?
§14-126.
(a) (1) A corporation subject to this subtitle may not amend its certificate of incorporation, bylaws, or the terms and provisions of contracts issued or proposed to be issued to subscribers to the plan until the proposed amendments have been submitted to and approved by the Commissioner and the applicable fees required by § 2-112 of this article have been paid.
(2) (i) A corporation subject to this subtitle may not change the table of rates charged or proposed to be charged to subscribers for a form of contract issued or to be issued for health care services until the proposed change has been submitted to and approved by the Commissioner.
(ii) 1. A nonprofit health service plan that offers a health benefit plan, as defined in § 11-601 of this article, is subject to Title 11, Subtitle 6 of this article for the health benefit plan.
2. If the provisions of Title 11, Subtitle 6 of this article conflict with the provisions of this section, the provisions of Title 11, Subtitle 6 of this article shall prevail.
(b) (1) (i) An amendment may not take effect until 60 days after it is filed with the Commissioner.
1. the table of rates appears by statistical analysis and reasonable assumptions to be inadequate, unfairly discriminatory, or excessive in relation to benefits; or
(ii) In determining whether to disapprove or modify the form or table of rates, the Commissioner shall consider, to the extent appropriate:
(c) At any time, the Commissioner may require a nonprofit health service plan in the State to demonstrate that its filings, including the terms and provisions of its contracts, its table of rates, and its method for setting rates, comply with subsections (a) and (b) of this section, notwithstanding that the Commissioner had previously approved the filings.
(d) (1) If, after the applicable review period established under subsection (b) of this section, the Commissioner finds that a filing does not meet the requirements of this section, the Commissioner shall issue to the filer an order that specifies the ways in which the filing fails to meet the requirements of this section and states when, within a reasonable period after the order, the filing will no longer be effective.
(e) (1) The Commissioner may adopt regulations to allow a type or kind of form to be effective upon receipt of the filing by the Commissioner.