Surcharges and Commissions

Requires insurance carriers to disclose to prospective small business customers the surcharge that may be applied to the group’s premium and the participation requirements or participation rate adjustments for each health plan. • Requires insurance carriers to file electronically with the Division of Insurance rates and notification of actuarial methodology and any relevant changes prior to filing.
Requires the governing committee of the carrier-funded small-group reinsurance plan implemented in 1992 to establish a plan to phase out the program by June 2007.
Establishes criteria for Connector Seal of Approval product specifications.
Allows for intermediaries and producers to earn commission on individuals enrolled through the Connector.
Directs a study to examine the Connector use of brokers.