Section 14-206 - Filings with Commissioner.
§ 14-206. Filings with Commissioner.
(a) Application to employee benefit plans.- This section applies to an employee benefit plan whose benefit provisions are governed by the Employee Retirement Income Security Act of 1974 (ERISA) or another federal law.
(b) Required filings.- On request of the Commissioner, each insurer, employer, third party administrator, or other entity that issues, delivers, administers, or offers a preferred provider insurance policy in the State shall file with the Commissioner:
(1) a written summary description and a prototype copy of:
(i) the preferred provider insurance policy;
(ii) all attendant provider service contracts;
(iii) any other related contracts; and
(iv) any amendments to the documents listed in items (i) through (iii) of this item; and
(2) any other related documents or information that the Commissioner requires.
(c) Penalty.- The Commissioner may impose a penalty not exceeding $1,000 for each failure to comply with this section.
[An. Code 1957, art. 48A, § 658; 1997, ch. 35, § 2; 1998, ch. 21, § 1.]