Md. Code Regs. 31.12.02.08

Current through Register Vol. 51, No. 22, November 1, 2024

Section 31.12.02.08 - Charges

A. The submittal of a form shall be accompanied by the submittal of the rates charged for it, together with detailed supporting actuarial data. Subsequent changes in charged rates shall be submitted with detailed supporting actuarial data at least 60 days before the date that any change in the rate is proposed to become effective.

B. The Commissioner shall approve or disapprove any rate submittal or change in the same manner as prescribed for approval or disapproval of forms.

C. An HMO may not make or permit any differential in charged rates for any reason based on the age or sex of an enrollee unless there is actuarial justification for the differential.

D. Charges may not be excessive, inadequate, or unfairly discriminatory.

Md. Code Regs. 31.12.02.08