(a) The actuarial value of benefits provided under individual health insurance coverage shall be calculated based on a standardized population and a set of standardized utilization and cost factors.
(b) A carrier shall submit any information the Commissioner may require to support and justify the carrier’s calculations of actuarial values.
Structure Maryland Statutes
Section 15-1302 - Scope of Subtitle
Section 15-1303 - Requirements for Carriers
Section 15-1307 - Actuarial Value of Benefits
Section 15-1308 - Individual Health Benefit Plans
Section 15-1309 - Renewal of Individual Health Benefit Plans
Section 15-1313 - List of Carriers That Provide Individual Health Benefit Plans
Section 15-1314 - Increasing Individual Premiums on Health Benefit Plans
Section 15-1315 - Plans Issued Through Individual Exchange
Section 15-1316 - Annual Open Enrollment Period