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Ch. 320
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2000 LAWS OF MARYLAND
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(4) IS PRICED AT LEAST 5% HIGHER THAN THE PREMIUMS OF THE
GREATER OF;
(I) ANY COMPREHENSIVE STANDARD HEALTH BENEFIT PLAN
ISSUED BY THE CARRIER PURSUANT TO § 15-1207 OF THIS TITLE; OR
(II) A BENEFIT EQUIVALENT MEDICALLY UNDERWRITTEN
INDIVIDUAL PRODUCT OFFERED BY THE CARRIER
15-6A-02.
THE COMMISSIONER SHALL NOTIFY THE COMMISSION OF EACH CARRIER THAT:
(1) APPLIES FOR APPROVAL OF A SAAC PRODUCT UNDER § 15-6A-03 OF
THIS SUBTITLE; OR
(2) HAS A SAAC PRODUCT THAT HAS BEEN APPROVED UNDER § 15-6A-03
OF THIS SUBTITLE.
15-6A-03.
(A) TO APPLY FOR APPROVAL OF A SAAC PRODUCT, A CARRIER SHALL SUBMIT
TO THE COMMISSIONER AN APPLICATION ON THE FORM THE COMMISSIONER
REQUIRES AND EVIDENCE THAT THE CARRIER'S SAAC PRODUCT COMPLIES WITH
THE REQUIREMENTS OF SUBSECTION (B) OF THIS SECTION.
(B) TO QUALIFY FOR APPROVAL, A SAAC PRODUCT SHALL:
(1) BE ADVERTISED BY THE CARRIER DURING AT LEAST TWO OPEN
ENROLLMENT PERIODS PER YEAR, FOR A DURATION OF 1 MONTH PER OPEN
ENROLLMENT PERIOD;
(2) HAVE AGE OR GEOGRAPHY BANDING OF ITS COMMUNITY RATE THAT
IS CONSISTENT WITH § 15-1205 OF THIS TITLE; AND
(3) COMPLY WITH ANY REGULATIONS ADOPTED BY THE COMMISSIONER
AND THE COMMISSION.
[15-606.] 15-6A-04.
(a) [In this section, "carrier" means;
(1) an insurer;
(2) a nonprofit health service plan;
(3) a health maintenance organization;
(4) a dental plan organization; or
(5) any other person that provides health benefit plans subject to
regulation by the State.]
[(b) (1)] The Maryland HeatthCare Commission shall adopt regulations that
specify a plan for A substantial, available, and affordable coverage PRODUCT that
shall be offered in the nongroup market by a carrier that qualifies for an approved
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