Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 41.00 - Nongroup Health Insurance Rate And Policy Form Filings, Review, And Hearing Procedures Under M.g.l. C.176m
Section 41.21 - Decision and Order on Closed Guaranteed Issue Health Plan Rate Filing

Universal Citation: 211 MA Code of Regs 211.41

Current through Register 1531, September 27, 2024

(1) The Presiding Officer's Decision and Order on a Closed Guaranteed Issue Health Plan Rate Filing shall be in writing or stated on the record no more than 30 days following the Parties' final oral or written submissions or arguments in the Proceeding.

(2) The Decision and Order shall be accompanied by a statement of reasons therefore, including a determination of each material issue of fact or law necessary to the decision.

(3) Rates that are approved by the Decision and Order will be effective no earlier than 30 days after the issuance of the Decision and Order.

(4) If a Carrier's Closed Guaranteed Issue Health Plan Rate Filing is disapproved by the Decision and Order, the Presiding Officer may indicate an alternative rate or rate component, if any, that the Presiding Officer, based on the evidence in the record, would find to be reasonable. If a Carrier's Rate Filing is disapproved, the Carrier may, within a time period specified in the Decision and Order disapproving the Rate Filing, file a Revised Rate Filing in the same Proceeding.

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