North Dakota § 26.1-18.1-15 Filing requirements for rating information

North Dakota Statutes

§ 26.1-18.1-15 — Filing requirements for rating information

North Dakota § 26.1-18.1-15

Title 26.1Insurance

Ch. 26.1-18.1Health Maintenance Organizations

This text of North Dakota § 26.1-18.1-15 (Filing requirements for rating information) 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 § 26.1-18.1-15 (2026).

Text

1.No premium rate may be used until either a schedule of premium rates or methodology for determining premium rates has been filed with and approved by the commissioner.

2.Either a specific schedule of premium rates, or a methodology for determining premium rates, must be established in accordance with actuarial principles for various categories of enrollees, provided that the premium applicable to an enrollee may not be individually determined based on the status of the enrollee's health. However, the premium rates may not be excessive, inadequate, or unfairly discriminatory. A certification by a qualified actuary or other qualified person acceptable to the commissioner as to the appropriateness of the use of the methodology, based on reasonable assumptions, shall accompany the filing

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1. No premium rate may be used until either a schedule of premium rates or
methodology for determining premium rates has been filed with and approved by the
commissioner.

2. Either a specific schedule of premium rates, or a methodology for determining
premium rates, must be established in accordance with actuarial principles for various
categories of enrollees, provided that the premium applicable to an enrollee may not
be individually determined based on the status of the enrollee's health. However, the
premium rates may not be excessive, inadequate, or unfairly discriminatory. A
certification by a qualified actuary or other qualified person acceptable to the
commissioner as to the appropriateness of the use of the methodology, based on
reasonable assumptions, shall accompany the filing along with adequate supporting
information.
3. The commissioner shall approve the schedule of premium rates or methodology for
determining premium rates if the requirements of subsection 2 are met. The
procedures set forth in sections 26.1-30-20 and 26.1-30-21 govern the approval and
disapproval of rating information required to be filed under this section.