2010 Maine Code
TITLE 24: INSURANCE
Chapter 19: NONPROFIT HOSPITAL OR MEDICAL SERVICE ORGANIZATIONS
24 §2321-A. Standards for when filings are inadequate
Subchapter 1: GENERAL PROVISIONS
§2321-A. Standards for when filings are inadequate
In reviewing rates and rate modifications filed by a nonprofit hospital and medical service organization in accordance with this Title, the superintendent may not require the organization to charge rates that, taking into account investment income and the appropriate level of subscriber reserves, are inadequate to enable it to recover reasonably anticipated claims and administrative expenses and make reasonable contributions to subscriber reserves. [1997, c. 344, §7 (NEW).]
SECTION HISTORY
1997, c. 344, §7 (NEW).
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