SENATE DOCKET, NO. 309        FILED ON: 1/15/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 487

 

The Commonwealth of Massachusetts

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PRESENTED BY:

Michael J. Rodrigues

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to the Division of Insurance to notify health plans of its rate decision at least 60 days prior to the effective date.

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PETITION OF:

 

Name:

District/Address:

Michael J. Rodrigues

First Bristol and Plymouth


SENATE DOCKET, NO. 309        FILED ON: 1/15/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 487

By Mr. Rodrigues, a petition (accompanied by bill, Senate, No. 487) of Michael J. Rodrigues for legislation relative rate decisions by the Division of Insurance.  Financial Services.

 

The Commonwealth of Massachusetts

 

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In the Year Two Thousand Thirteen

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An Act relative to the Division of Insurance to notify health plans of its rate decision at least 60 days prior to the effective date.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1.  Section 6 of chapter 176J is hereby amended by striking out subsection (f) and inserting in place thereof the following subsection:-

(f) If the commissioner disapproves the rate submitted by a carrier the commissioner shall notify the carrier in writing no later than 60 days prior to the proposed effective date of the carrier’s rate. If the commissioner fails to issue a written decision 60 days prior to the proposed effective date of the rate, the carrier’s proposed base rates shall be deemed approved. If the carrier’s proposed based rate has been disapproved, the carrier may submit a request for hearing with the division of insurance within 10 days of such notice of disapproval. The division must schedule a hearing within 10 days of receipt. The commissioner shall issue a written decision within 30 days after the conclusion of the hearing.