State Reinsurance Program definition

State Reinsurance Program means the market stabilization program identified in Insurance Article, §31-117, Annotated Code of Maryland.
State Reinsurance Program means an MHBE-administered reinsurance program as set forth in COMAR 14.35.17.01 through 14.35.17.09.

Examples of State Reinsurance Program in a sentence

  • Issuers should also refer to regulations under COMAR 14.35.17 for information on other requirements under the State Reinsurance Program.

  • This chapter details issuer requirements for participation in the State Reinsurance Program (SRP) under Md. Insurance Code Ann.

  • The final State Reinsurance Program payment amounts are determined by applying each carrier-specific adjustment factor to the corresponding carrier’s reinsurance results.

  • Carriers must sign an attestation that they meet the submission and data requirements of the State Reinsurance Program through their participation in CMS EDGE Server.

  • Exhibit 1 – 2024-2028 Maryland Individual Market Projections 5 https://www.americanimmigrationcouncil.org/research/immigrants-in-maryland6 https://msa.maryland.gov/msa/mdmanual/01glance/html/pop.html7 2022 Analysis for the State Reinsurance Program OTHER ASSUMPTIONS If implemented, the program is not expected to start before 2024.

  • Maryland has been a national leader in working to reduce the uninsured rate, including by implementing a state-based health insurance marketplace, launching the State Reinsurance Program which has reduced individual market premiums by more than 30 percent since 2019, enacting the Easy Enrollment Program to allow uninsured individuals to get connected to health coverage by checking a box on their state tax return, and instituting state premium assistance for young adults starting in 2022.

  • This chapter details issuer requirements for participation in the 2019 State Reinsurance Program (SRP) under Md. INSURANCE Code Ann.

  • Chapters 6 and 7 of 2018 required MHBE to submit an application for a State Innovation Waiver under Section 1332 of the ACA to establish a State Reinsurance Program and seek federal pass-through funding.

  • Carrier shall comply with all requirements of the State Reinsurance Program, including, but not limited to, State regulations, including COMAR 14.35.17, as well as those in the Carrier Reference Manual, as a condition precedent to participation in the State Reinsurance Program.

  • Similarly, our State Reinsurance Program is currently viewed as a national model for state innovation by the federal government.

Related to State Reinsurance Program

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Insurance Regulator any Person charged with the administration, oversight or enforcement of any Insurance Regulation.

  • Insurance Administration means, with respect to each Shared Policy, the accounting for premiums, retrospectively-rated premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of each of the Shared Policies; and the reporting to excess insurance carriers of any losses or claims which may cause the per-occurrence, per claim or aggregate limits of any Shared Policy to be exceeded, and the distribution of Insurance Proceeds as contemplated by this Agreement.

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.

  • Insurance Affordability Program means a program that is one of the following:

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Health plan or "health benefit plan" means any policy,

  • Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance, including annuities.

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

  • Health care insurer means a disability insurer, group

  • Health insurance carrier or "carrier" means any entity subject to the insurance

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Health insurance policy means a policy that provides specified benefits for hospital and/or general treatment and meets all requirements under section 63-10 of the Private Health Insurance Act 2007.

  • Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • Health insurance means protection which provides payment of benefits for covered sickness or injury.

  • Flood Insurance Study (FIS means an examination, evaluation, and determination of flood hazards, corresponding water surface elevations (if appropriate), flood hazard risk zones, and other flood data in a community issued by the FEMA. The Flood Insurance Study report includes Flood Insurance Rate Maps (FIRMs) and Flood Boundary and Floodway Maps (FBFMs), if published.

  • Flood Insurance Study means the official report provided by the Federal Insurance Administration that includes flood profiles, the Flood Insurance Rate Map, the Flood Boundary and Floodway Map, and the water surface elevation of the base flood.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Basic health plan means the plan described under chapter

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Homeowners association means a person having the authority to enforce the provisions of a declaration.