California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 2 - Policy Forms and Other Documents
Article 1.3 - Mandated Benefits Analysis Regulations
Section 2218.62 - Formula for Calculating Fee
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) The formula for calculating the fee assessed from each health insurer set forth pursuant to 2218.61 shall be based on the number of covered lives insured by a health insurer in the calendar year preceding the first day of the fiscal year in which the assessment is made, calculated by annual statement line of insurance.
(b) The formula for calculating the fee as described in Section 2218.61 is as follows: The aggregate of all covered lives insured by an insurer will be used to determine a percent-to-total ratio for each insurer. This ratio will be multiplied by the total need as defined in Section 2218.60(d) to calculate the amount of the fee to be assessed to each insurer.
1. New section filed 4-1-2005; operative 5-1-2005 (Register 2005, No. 13).
Note: Authority cited: Sections 127662 and 127664, Health and Safety Code; and Sections 12921 and 12926, Insurance Code. Reference: Section 106, Insurance Code; and Sections 127660, 127661, 127662, 127663 and 127664, Health and Safety Code.
