1998 Minnesota Statutes

     62E.05 Information on qualified plans. 

    Subdivision 1.    Certification.  Upon application by an 
 insurer, fraternal, or employer for certification of a plan of 
 health coverage as a qualified plan or a qualified Medicare 
 supplement plan for the purposes of sections 62E.01 to 62E.16, 
 the commissioner shall make a determination within 90 days as to 
 whether the plan is qualified.  All plans of health coverage, 
 except Medicare supplement policies, shall be labeled as 
 "qualified" or "nonqualified" on the front of the policy or 
 contract, or on the schedule page.  All qualified plans shall 
 indicate whether they are number one, two, or three coverage 
 plans. 

    Subd. 2.    Annual report.  All health plan companies, 
 as defined in section 62Q.01, shall annually report to the 
 commissioner responsible for their regulation.  The following 
 information shall be reported to the appropriate commissioner on 
 February 1 of each year: 

    (1) the number of individuals and groups who received 
 coverage in the prior year through the qualified plans; and 

    (2) the number of individuals and groups who received 
 coverage in the prior year through each of the unqualified plans 
 sold by the company. 

    HIST: 1976 c 296 art 1 s 5; 1987 c 384 art 2 s 1; 1994 c 485 s 
 34; 1995 c 234 art 7 s 8; 1996 c 446 art 1 s 41