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Md. Code, Ins. § 15-1218. Reinsurance: Maryland Health Insurance Reform Act – Maryland
Status: EnactedYear Enacted: 1997
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A reinsuring carrier may reinsure with the Pool as provided in this section. At a minimum, the Pool shall reinsure up to the level of coverage specified under the Standard Plan.
A reinsuring carrier may reinsure an entire employer group within 60 days after commencement of the group’s coverage under a health benefit plan. A reinsuring carrier may reinsure an eligible employee or dependent within 60 days after commencement of coverage with the small employer, and may not reimburse a reinsuring carrier with respect to the claims of an individual until the reinsuring carrier has incurred claims for the individual of $5,000 in a calendar year for benefits covered by the Pool.
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