Current through Register 1533, October 25, 2024
Section 151.17 - Carrier Filing and Reporting Requirements(1) On or before April 1st of each year, every Carrier doing business in the Commonwealth through a certified Group Purchasing Cooperative must file with the Commissioner a report verified by at least two principal officers of the Carrier and covering its preceding calendar year. The Commissioner may at any time specify a report format.(2) The report must contain the following information, and any other information requested by the Commissioner: (a) The number of Health Benefit Plans offered by the Carrier through a certified Group Purchasing Cooperative during the preceding calendar year;(b) The number of Eligible Association Members, Eligible Employees and Eligible Dependents covered by a Health Benefit Plan from the Carrier through each certified Group Purchasing Cooperative, as of the close of the preceding calendar year; and(c) The number of total lives covered by a Health Benefit Plan from the Carrier through each certified Group Purchasing Cooperative, as of the close of the preceding calendar year.(3) The Commissioner may issue a Finding of Neglect to a Carrier for failure to complete or to file required information in the form and/or within in the time required by 211 CMR 151.00.(4) Upon a Finding of Neglect, the Carrier's ability to offer Health Benefit Plans to certified Group Purchasing Cooperatives may be limited at the discretion of the Commissioner.(5) If the Commissioner determines that a threat of financial impairment exists to the Carrier, the Commissioner may require that the Carrier's report be made available prior to the April 1st deadline.