Section 11. (A) A group shall file with the commissioner its rating plan.
(B) Each group shall be audited at least annually by an auditor acceptable to the commissioner to verify proper rating. A report of the audit shall be filed with the commissioner in a form prescribed by the commissioner. A group or any member thereof may request a hearing on any objections to the rating. If the commissioner determines that as a result of an improper rating a member's premium contribution is insufficient, he shall order the group to assess that member an amount equal to the deficiency. If the commissioner determines that as a result of an improper rating a member's premium is excessive, he shall order the group to refund to the member the excess collected. The audit shall be at the expense of the group.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title VII - Cities, Towns and Districts
Chapter 40m - Governmental Units Pooled Insurance
Section 1 - Public Employer Self-Insurance Groups
Section 3 - Certificate of Approval Required
Section 4 - Certificate of Approval; Application; Requirements; Refusal; Service of Legal Process
Section 5 - Certificate of Approval; Duration; Termination; Merger of Groups
Section 6 - Examination of Records; Confidentiality and Privilege
Section 7 - Board of Trustees; Powers and Duties
Section 8 - Membership in Group
Section 9 - Solicitation of Memberships
Section 11 - Rating Plan; Annual Audit
Section 12 - Refund of Excess Funds
Section 13 - Premium Payments; Loss Reserves
Section 15 - Violations; Cease and Desist Orders
Section 16 - Revocation of Certificate of Approval; Grounds; Review
Section 17 - Applicability of Chapter 176v to Groups Governed by This Chapter