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Ch. 600
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Martin O'Malley, Governor
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(II) ON OR BEFORE JANUARY 1, 2011, THE COMMISSION
SHALL REPORT TO THE GOVERNOR AND, IN ACCORDANCE WITH § 2-1246 OF
THE STATE GOVERNMENT ARTICLE, THE SENATE FINANCE COMMITTEE AND
THE HOUSE HEALTH AND GOVERNMENT OPERATIONS COMMITTEE REGARDING
THE EFFECT OF THE 50% RATE ADJUSTMENT AUTHORIZED UNDER PARAGRAPH
(1) OF THIS SUBSECTION ON PARTICIPATION IN HEALTH BENEFIT PLANS
ISSUED, DELIVERED, OR RENEWED UNDER THIS SUBTITLE.
(d) (1) A carrier shall base its rating methods and practices on commonly
accepted actuarial assumptions and sound actuarial principles.
(2) A carrier that is a health maintenance organization and that
includes a subrogation provision in its contract as authorized under § 19-713.1(d) of
the Health - General Article shall:
(i) use in its rating methodology an adjustment that reflects the
subrogation; and
(ii) identify in its rate filing with the Administration, and
annually in a form approved by the Commissioner, all amounts recovered through
subrogation.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall apply to
all health benefit plans issued, delivered, or renewed in the State on or after October
1, 2007.
SECTION 3. 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect October July 1, 2007. It shall remain effective for a period of 4 years and, at the
end of June 30, 2011, with no further action required by the General Assembly, this
Act shall be abrogated and of no further force and effect.
Approved by the Governor, May 17, 2007.
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CHAPTER 601
(House Bill 390)
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AN ACT concerning
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Sexual Offenders - Evaluation Before Sentencing
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- 3843 -
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