Hawaii Revised Statutes 431:14G-104 – Rate adjustment mandates

(a) Except as otherwise provided by law, the commissioner may mandate filings for health insurance under § 431:14G-105 when the commissioner has actuarially sound information that current rates may be excessive, inadequate, or unfairly discriminatory.

Terms Used In Hawaii Revised Statutes 431:14G-104

Commissioner: means the insurance commissioner. See Hawaii Revised Statutes 431:14G-102
Rate: means every rate, charge, classification, schedule, practice, or rule. See Hawaii Revised Statutes 431:14G-102

(b) Managed care plans shall submit the rate filings within one hundred twenty days of the commissioner’s mandate.

(c) The rate filings shall be subject to the rate filing requirements under § 431:14G-105.

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Hawaii Revised Statutes 431:14G-104 – Rate adjustment mandates

Terms Used In Hawaii Revised Statutes 431:14G-104

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