(a) A corporation shall make available to the Commissioner such information as may be required to permit the Commissioner to verify the corporation’s community health reinvestment and, if appropriate, its compliance with its plan to dedicate excess surplus or to verify that the corporation is participating in a public-private partnership. When verifying the community health reinvestment or the corporation’s compliance with its plan, or when verifying the corporation’s participation in a public-private partnership the Commissioner may retain attorneys, appraisers, independent actuaries, independent certified public accountants, or other professionals, the cost of which shall be borne by the corporation.
(b) In implementing the provisions of the Medical Insurance Empowerment Amendment Act of 2008 [D.C. Law 17-369], the Commissioner shall consider the interests and needs of the jurisdictions in the corporation’s service area.
(Apr. 9, 1997, D.C. Law 11-245, § 7a; as added Mar. 25, 2009, D.C. Law 17-369, § 2(e), 56 DCR 1346; Feb. 4, 2010, D.C. Law 18-104, § 2(d), 56 DCR 9182.)
D.C. Law 18-104 rewrote subsec. (a), which had read as follows: “(a) A corporation shall make available to the Commissioner such information as may be required to permit the Commissioner to verify the corporation’s community health reinvestment and, if appropriate, its compliance with its plan to dedicate excess surplus. When verifying the community health reinvestment or the corporation’s compliance with its plan, the Commissioner may retain attorneys, appraisers, independent actuaries, independent certified public accountants, or other professionals, the cost of which shall be borne by the corporation.”
For temporary (90 day) amendment of section, see § 2(d) of Hospital and Medical Services Corporation Regulatory Emergency Amendment Act of 2009 (D.C. Act 18-277, January 11, 2010, 57 DCR 935).
Section 2(d) of D.C. Law 18-134, in subsec. (a), substituted “dedicate excess surplus or to verify that the corporation is participating in a public-private partnership” for “dedicate excess surplus” and substituted “or the corporation’s compliance with its plan, or when verifying the corporation’s participation in a public-private partnership” for “or the corporation’s compliance with its plan,”.
Section 6(b) of D.C. Law 18-134 provided that the act shall expire after 225 days of its having taken effect.
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 35 - Hospital and Medical Services Corporations Regulation
§ 31–3502. Exclusivity of provisions
§ 31–3503. Applicability of other provisions
§ 31–3504. Application for certificate of authority
§ 31–3505. Requirements for issuance of certificate of authority
§ 31–3505.01. Community health reinvestment
§ 31–3506. Surplus requirements
§ 31–3506.01. Compliance and implementation of community health reinvestment obligations
§ 31–3507. Filing of provider contracts
§ 31–3508. Filing of subscriber contract forms and rates
§ 31–3512. Group subscriber contract standard provisions
§ 31–3514. Open enrollment. [Repealed]
§ 31–3514.01. Tax and related payments
§ 31–3514.02. Establishment of Healthy DC and Health Care Expansion Fund
§ 31–3515. Conversion to a for-profit entity
§ 31–3516. Conversion to a mutual company
§ 31–3517. Management contracts and service agreements
§ 31–3518. Directors and trustees
§ 31–3519. Reports to directors and trustees
§ 31–3520. Oversight role and fiduciary obligation of directors, officers, and employees
§ 31–3521. Sanctions for violations
§ 31–3523. General transition provisions