Ga. Comp. R. & Regs. R. 120-2-101-.04 - Child Only Premium Rates
(1) Pursuant to O.C.G.A. ยง33-29B-3(g),
insurers shall submit proposed health insurance rates that include current 2012
actuarial supporting assumptions on relevant plan design, benefits and
limitations and that are reasonably related to contemporary plan designs and
rates on file with and approved by this Office for the subject insurer.
Insurers may, but are not required to obtain rate approval, if such rates are
currently filed and approved by the Commissioner.
(2) An insurer may impose a surcharge on any
individual who enrolls in a child-only policy and has not had prior creditable
coverage in the 63 day period preceding the date of the application. The amount
of the surcharge may be up to, but shall not exceed, 50 percent of the premium
rate that would be charged to an individual who did have prior credible
coverage in the 63 day period preceding the date of the application.
Notes
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