23-86-208. Discretion of commissioner.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-86-208. Discretion of commissioner. The Insurance Commissioner may suspend all or any part of § 23-86-204 as to the premium rates applicable to one (1) or more small employers for one (1) or more rating periods upon a filing by the small employer carrier and a finding by the commissioner that either the suspension is reasonable in light of the financial condition of the carrier or that the suspension would enhance the efficiency and fairness of the marketplace for small employer health insurance.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-86-208

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Arkansas Code — all titles (historical 2020) · legal_authorities

23-86-204. Restrictions relating to premium rates.

23-86-204. Restrictions relating to premium rates. (a) Premium rates for health benefit plans subject to this subchapter shall be subject to the following provisions: (1) The index rate for a rating period for any class of business shall not exceed the index rate for any other class of business by more than twenty percent (20%). This subdivision (a)(1) shall not apply to a class of business if all of the following apply: (A) The class of business is one for which the carrier does not reject, and never has rejected, small employers included within the definition of employers eligible for the class of business or otherwise eligible employees and dependents who enroll on a timely basis, based upon their claim experience or health status; (B) The carrier does not involuntarily transfer, and never has involuntarily transferred, a health benefit plan into or out of the class of business; and (C) The class of business is currently available for purchase; (2) For a class of business, the premium rates charged during a rating period to small employers with similar case characteristics for the same or similar coverage, or the rates which could be charged to such employers under the rating system for that class of business, shall not vary from the index rate by more than twenty-five percent (25%) of the index rate; (3) The percentage increase in the premium rate charged to a small employer for a new rating period may not exceed the sum of the following: (A)(i) The percentage change in the new business premium rate measured from the first day of the prior rating period to the first day of the new rating period. (ii) In the case of a class of business for which the small employer carrier is not issuing new policies, the carrier shall use the percentage change in th

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-86-204

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-86-204. This identifies an authority to review, not proof of applicability.