North Dakota § 26.1-17-26 Procedure for submitting rate filings

North Dakota Statutes

§ 26.1-17-26 — Procedure for submitting rate filings

North Dakota § 26.1-17-26

Title 26.1Insurance

Ch. 26.1-17Nonprofit Health Service Corporations

This text of North Dakota § 26.1-17-26 (Procedure for submitting rate filings) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-17-26 (2026).

Text

1.Each health service corporation shall file with the commissioner every manual of classifications, rates, rating formulas, rating systems, and rules applicable thereto, and any modification of the foregoing which it proposes to use. Each filing must state the proposed effective date thereof and must indicate the character and extent of the coverage contemplated. When a filing is not accompanied by supporting information, and the commissioner does not have sufficient information to determine whether the filing meets the requirements of this chapter, the commissioner shall require the corporation to furnish supporting information, and the waiting period will commence on the date the information is furnished. The information furnished in support of a filing must include the:

a.Contract of

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1. Each health service corporation shall file with the commissioner every manual of
classifications, rates, rating formulas, rating systems, and rules applicable thereto, and
any modification of the foregoing which it proposes to use. Each filing must state the
proposed effective date thereof and must indicate the character and extent of the
coverage contemplated. When a filing is not accompanied by supporting information,
and the commissioner does not have sufficient information to determine whether the
filing meets the requirements of this chapter, the commissioner shall require the
corporation to furnish supporting information, and the waiting period will commence on
the date the information is furnished. The information furnished in support of a filing
must include the:
a. Contract of benefits;
b. Current rate structure;
c. Claims experience for the most recent period up to three years;
d. Claims experience projection for the next eighteen months;
e. Letter of opinion from the corporation actuary; and
f. Judgment of the corporation and its interpretation of the supporting data.
A filing and any supporting information is open to public inspection after the filing
becomes effective.
2. The commissioner shall review the filings pursuant to sections 26.1-30-19 through
26.1-30-21 to determine whether they meet the requirements of this chapter.
Upon written application by the corporation, the commissioner may authorize a
filing which the commissioner has reviewed to become effective before the expiration
of the waiting period or any extension thereof.
3. Under the rules the commissioner has adopted, the commissioner may, by written
order, suspend or modify the requirements of filing as to any kind of contract for health
services, subdivision thereof, or combination thereof, or as to any class of risks, the
rates for which cannot practically be filed before they are used. The orders and rules
must be made known to the health service corporation affected. The commissioner
may make an examination as the commissioner deems advisable to ascertain whether
any rates affected by an order meet the standards set forth in section 26.1-17-25.