A hearing will be held before the Alabama Commissioner of Insurance at 10:00
AM on June 6, 2001, at the offices of the Alabama Department of Insurance, 201
Monroe Street, Suite 1700, Montgomery, Alabama, as follows:
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Revision of Regulation No. 116, known as the Alabama Small Employer
Allocation Program Regulation. Evidence and testimony will be received and
considered relative to market data and experience reports containing information
on market penetration, premium rate trend and claims trend under health benefit
plans offered by carriers, along with other applicable information, to review
the rating adjustments based on health characteristics permitted in Subdivision
(5) of Subsection (a) of Section 5 of the regulation. Based on this evidence and
testimony, the Commissioner will consider a proposed revision to Regulation 116
to increase the allowed rating adjustments based on health characteristics from
20% above or below the insurer’s base rate to 35%. The name of the regulation
will also be changed to the Alabama Small Employer Health Insurance Program
Regulation. The revisions would take effect on July 1, 2001, upon the
concurrence of the State Board of Health and upon being filed as a public
document in the office of the Secretary of State for ten days. (35 pages)
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Revision of Regulation No. 122, so as to set forth the requirements governing
the treatment of nonpublic personal financial information about individuals to
comply with Title V of the Gramm-Leach-Bliley Act (15 U.S. Code §§ 6801-6827).
The proposed effective date is July 1, 2001. (43 pages)
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Adoption of proposed new Regulation No. 123, to be known as the Rates and
Forms Filing Requirements Regulation. The purpose of the proposed new regulation
is to set forth requirements to be followed in the filing of rates and policy
forms, with the desired result of improving the speed to market of policy forms
and rate filings. The proposed effective date is July 1, 2001. (6 pages)
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Repeal of Regulation No. 89, which became effective January 1, 1990, to
implement transitional requirements for the conversion of Medicare supplement
insurance benefits and premiums to conform to repeal of the Medicare
Catastrophic Coverage Act. The provisions of this regulation have been
superceded by revisions already in place in Regulation 71. The repeal of
Regulation 89, which is proposed to become effective immediately. (9
pages)
Any person wishing to submit testimony at said hearing is requested to submit
said testimony in writing to the Alabama Department of Insurance, Attention:
Legal Division, Post Office Box 303351, Montgomery, Alabama 36130-3351, at least
one week in advance of said hearing. Any written submission of testimony prior
to the hearing will not preclude anyone from making an oral or written
presentation at the hearing.
A copy of the proposed regulations may be obtained by written request to the
Alabama Department of Insurance, Post Office Box 303351, Montgomery, Alabama
36130-3351. The request must include payment of one dollar per page and a
self-addressed, postage paid return envelope. An unofficial copy may also be
obtained at no charge via electronic mail. You may send an e-mail request to rnorman@insurance.state.al.us