For small group base rate factors applied under section 3 of chapter 176J between October 1, 2010 and June 30, 2012, a carrier shall limit the effect of the application of any single or combination of rate adjustment factors identified in paragraphs (2) to (6), inclusive, of subsection (a) of said chapter 3 of said chapter 176J of the General Laws that are used in the calculation of an individual's or small group's premium so that the final annual premium charged to an individual or small group does not increase by more than an amount established annually by the commissioner by regulation.
Directs the Division of Insurance (DOI) to annually set a limit on the amount of impact that rate adjustment factors may have on the annual base rate increase for an individual or small group.
Session Law added by Section 66 of Chapter 288 of the Acts of 2010