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§ 15-1307. Calculation of actuarial value of benefits

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 15. Health Insurance
Subtitle 13. Maryland Health Insurance Portability and Accountability Act--Individual Market Reforms (Refs & Annos)
MD Code, Insurance, § 15-1307
§ 15-1307. Calculation of actuarial value of benefits
Currentness
In general
(a) The actuarial value of benefits provided under individual health insurance coverage shall be calculated based on a standardized population and a set of standardized utilization and cost factors.
Information to support and justify calculations submitted to Commissioner
(b) A carrier shall submit any information the Commissioner may require to support and justify the carrier's calculations of actuarial values.

Credits

Added by Acts 1997, c. 294, § 3, eff. Oct. 1, 1997.
Formerly Art. 48A, § 758.
MD Code, Insurance, § 15-1307, MD INSURANCE § 15-1307
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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