2013 Maryland Code
INSURANCE
§ 19-806 - Annual determination and communication of subsidy factor by Commissioner.


MD Ins Code § 19-806 (2013) What's This?

§19-806.

(a) On or before November 1 of each year from 2005 through 2007, the Commissioner shall determine the subsidy factor for the following calendar year based on the total dollar amount allocated to the Rate Stabilization Account for that calendar year.

(b) On or before December 1 of each year from 2005 through 2007, the Commissioner shall:

(1) issue a bulletin advising medical professional liability insurers of the subsidy factor for the following calendar year; and

(2) report to the Legislative Policy Committee, in accordance with § 2-1246 of the State Government Article, on:

(i) the subsidy factor for the following calendar year;

(ii) the money available to each medical professional liability insurer; and

(iii) the number of health care providers by classification and geographic territory eligible to receive a subsidy from the Rate Stabilization Account.

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