New Jersey Statutes
§ 17:48E-27 — Rate schedule filing
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
27.No health service corporation shall issue individual contracts until it has made an informational filing with the commissioner, pursuant to the provisions of this act, of a full schedule of rates which are to apply to those contracts. The rates shall be formulated so that the anticipated minimum loss ratio for a contract form shall not be less than 75% of the premium. The health service corporation shall submit with its rate filing supporting data that the corporation is in compliance with the anticipated loss ratio requirement. The supporting data and certification required pursuant to subsection e. of section 8 of P.L.1992, c.161 (C.17B:27A-9) shall satisfy the requirements of this section. L.1985,c.236,s.27, amended 1988,c.71,s.6; 1992,c.161,s.19.
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Nearby Sections
15
§ 17:48E-1
Definitions.§ 17:48E-10
Agreements with service providers§ 17:48E-11
Professional Advisory Committee§ 17:48E-12
Eligible providers' services.§ 17:48E-13
Approval of forms§ 17:48E-13.1
Health service corporation contract; compliance§ 17:48E-13.2
Filing of contract or related form§ 17:48E-13.3
Contract forms; certification memorandum§ 17:48E-14
Individual contract requirements§ 17:48E-15
Classification permitted§ 17:48E-15.2
Health service corporation contract, exclusion, rates, terms based on genetic information prohibited§ 17:48E-16
Joint ventures§ 17:48E-17.1
Two special contingent surplus accounts