California Insurance Code

§ 10755.14

INS § 10755.14 Effective Jan 1, 2013Div. 2 · Part 2 · Ch. 8.02 · Art. 2

Statute text

Premiums for grandfathered health benefit plans written or administered by carriers on or after the January 1, 2014, shall be subject to the following requirements:

(a)(1) The premium for new business shall be determined for an eligible employee in a particular risk category after applying a risk adjustment factor to the carrier’s standard employee risk rates. The risk adjusted employee risk rate may not be more than 110 percent or less than 90 percent.

(2)The premium charged a small employer for new business shall be equal to the sum of the risk adjusted employee risk rates.

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Legislative history

Added by Stats. 2012, Ch. 852, Sec. 15. (AB 1083) Effective January 1, 2013.