Volume 799, Page 5 View pdf image |
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ROBERT L. EHRLICH, JR., Governor Ch. 1 (c) (1) The Board shall determine a standard risk rate by considering the (2) The premium rate for Plan coverage: (i) may not be less than 110% of the standard risk rate established (ii) may not exceed 200% of the standard risk rate. (3) Premium rates shall be reasonably calculated to encourage (d) Losses incurred by the Plan shall be subsidized by the Fund. (a) [Premiums] AS DETERMINED BY THE BOARD, PREMIUMS collected for the (1) to a segregated account in the Fund established under § 14-504 of (2) TO A SEPARATE ACCOUNT FOR THE PROGRAM ESTABLISHED BY THE (b) In addition to premium income, the segregated account shall include: (1) interest and investment income attributable to Program funds; and (2) money deposited to the account by the carrier that administers the (c) (1) On or before April 1, 2003 and quarterly thereafter, the Program (i) premiums collected; and (ii)] the amount, in excess of premiums collected, that is necessary (2) The amount deposited shall be determined by the Board based on (3) The amount required by the Board under paragraph (2) of this (4) Beginning July 1 of each year and quarterly thereafter, the Board (5) Any rebates or other discounts obtained by the Program - 5 -
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Volume 799, Page 5 View pdf image |
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