California Insurance Code

§ 10127.20

INS § 10127.20 Effective Jan 1, 2023Div. 2 · Part 2 · Ch. 1 · Art. 1

Statute text

(a)Beginning on July 1, 2023, and annually thereafter, a health insurer offering a qualified health plan through the Exchange shall report to the commissioner the total amount of funds maintained in a segregated account pursuant to subdivision (a) of Section 1303 of the federal Patient Protection and Affordable Care Act (Public Law 111-148). This annual report shall contain the ending balance of the account and the total dollar amount of claims paid during the reporting year.

(b)For purposes of this section:

(1)“Exchange” means the California Health Benefit Exchange established pursuant to Title 22 (commencing with Section 100500) of the Government Code.

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Legislative history

Added by Stats. 2022, Ch. 563, Sec. 2. (AB 2205) Effective January 1, 2023.