(a) No contract providing dental service corporation benefits may be executed in this state unless the subscription rates outlined in said contract have been filed with and approved by the commissioner.
(b) Subscription rates must be established and justified in accordance with generally accepted insurance principles, including but not limited to the experience or judgment of the corporation making the rate filing or actuarial computations.
(c) The commissioner may disapprove subscription rates that are excessive, inadequate or unfairly discriminatory. Rates are not unfairly discriminatory because they are averaged broadly among persons covered under group, blanket or franchise contracts.
(d) The commissioner may require the submission of whatever relevant information is deemed necessary in determining whether to approve or disapprove a filing made under this section or Section 22-21-371.
Structure Code of Alabama
Title 22 - Health, Mental Health, and Environmental Control.
Title 1 - Health and Environmental Control Generally.
Chapter 21 - Hospitals and Other Health Care Facilities Generally.
Article 12 - Dental Services Corporations.
Section 22-21-360 - Short Title.
Section 22-21-361 - Definitions.
Section 22-21-363 - Application for Certificate of Authority; Contents.
Section 22-21-364 - Issuance of Certificate; Criteria.
Section 22-21-365 - Consent of Commissioner to Charter or Certificate of Incorporation.
Section 22-21-367 - License Prerequisite to Contracts With Subscribers.
Section 22-21-368 - Contents of Proposed Contracts Issued to Subscribers.
Section 22-21-369 - Contents of Proposed Contracts Between Corporation and Dentists.
Section 22-21-374 - Fees and Taxes; Applicable Insurance Laws.
Section 22-21-376 - Relation to Certain Insurance Provisions.
Section 22-21-383 - Deposit of Moneys Received by Department Pursuant to Article.
Section 22-21-387 - Use of Phrase "Dental Service plan."
Section 22-21-388 - Dissolution or Liquidation of Corporation.
Section 22-21-389 - Nonprofit Corporations Organized Prior to May 4, 1982.
Section 22-21-390 - Violations; Penalties; Injunctive Relief.