11 NCAC 12 .1308             ELECTIONS BY CARRIERS

(a)  If an election to be a risk assuming carrier is disapproved by the Commissioner, the carrier shall be considered a reinsuring carrier as of the date of the disapproval, unless the carrier is already so considered.

(b)  An insurer that has previously notified the Commissioner that it is not a small employer carrier may enter the small employer group health insurance market upon notification to the Commissioner and the Commissioner's approval of the carrier's statutory health benefit plans; and that carrier shall be a reinsuring carrier.

 

History Note:        Filed as a Temporary Adoption Eff. December 21, 1992 for a period of 180 days or until the

permanent rule becomes effective, whichever is sooner;

Statutory Authority G.S. 58‑2‑40(1); 58‑50‑135(a); 58‑50‑135(c); 58‑50‑150(a);

Eff. April 1, 1993.