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§27-20.1-4  Annual and quarterly statements. –


Published: 2015

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TITLE 27

Insurance

CHAPTER 27-20.1

Nonprofit Dental Service Corporations

SECTION 27-20.1-4



   § 27-20.1-4  Annual and quarterly

statements. –

(a) Every nonprofit dental service corporation and any nonprofit dental service

plan operated by a nonprofit hospital service corporation shall annually, on or

before the first day of March in each year, file in the office of the

commissioner of insurance a statement, verified by at least two (2) of the

principal officers of the corporation, of the condition of the nonprofit dental

service corporation or plan on the 31st day of December then next preceding,

which statement shall be in general form and context as approved by the

National Association of Insurance Commissioners and contain any matters as the

director of business regulation shall prescribe including, but not limited to,

premiums earned, claims expense, operating expenses, other income and expenses,

net gain or loss, reserves, enrollment and enrollment changes separately for

dental business for the corporations and shall be available for inspection by

the public.



   (b) Every nonprofit dental service corporation shall also

file quarterly statements with the insurance commissioner, due on or before

forty-five (45) days after the quarter ending in accordance with the National

Association of Insurance Commissioners' guidelines and procedures and contain

any matters as the director of business regulation shall prescribe, including,

but not limited to, premiums earned, claims expense, operating expenses, other

income and expenses, net gain or loss, reserves, enrollment and enrollment

changes separately for dental business for the corporations and shall be

available for inspection by the public.



   (c) The insurance commissioner shall also require compliance

with chapters 12 and 12.1 of this title.



History of Section.

(P.L. 1959, ch. 183, § 1; P.L. 1994, ch. 396, § 1; P.L. 1994, ch.

404, § 3; P.L. 1996, ch. 188, § 11.)