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Martin O'Malley, Governor
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Ch. 174
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(c) The State subsidy calculated under subsection (b) of this section may not
include the amount of a rate increase resulting from a premium surcharge or the loss
of a discount due to a health care provider's loss experience.
(d) A health care provider may elect not to receive a rate reduction, credit, or
refund by:
(1) notifying the medical professional liability insurer within 15 days
of receiving the notice under subsection (a) of this section of the health care provider's
intent not to accept a rate reduction, credit, or refund; and
(2) paying, either in full, or on an installment basis, the amount of
premium billed by the medical professional liability insurer.
(e) (1) On at least an annual basis, a medical professional liability insurer
seeking reimbursement from the Rate Stabilization Account on behalf of health care
providers shall apply to the Rate Stabilization Account on a form and in a manner
approved by the Commissioner.
(2) The Commissioner may adopt regulations that specify the
information that medical professional liability insurers shall submit to receive money
from the Rate Stabilization Account.
(3) The information required shall include:
(i) by health care provider classification and geographic
territory, the amount of the base premium rate charged by the insurer at the approved
rate;
(ii) by health care provider classification and geographic
territory, the amount of the base premium rate charged by the insurer reduced by the
amount of the subsidy, INCLUDING THE SUBSIDY PROVIDED UNDER SUBSECTION
(B)(3) OF THIS SECTION, IF APPLICABLE;
(iii) the number of health care providers in each classification
and geographic territory;
(iv) the total amount of reimbursement requested from the Rate
Stabilization Account;
(v) the name, classification, and geographic territory of each
health care provider electing not to receive a rate reduction, credit, or refund; and
(vi) any other information the Commissioner considers
necessary to disburse money from the Rate Stabilization Account.
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- 1369 -
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