Annual Report

Annual Report. (a) The commissioner, as early each calendar year as accurate preparation enables, shall make and publish a report which shall contain the information required in subsection (b) of this section. Copies of the annual report shall be given to the Governor, the Speaker of the House of Representatives and the President of the Senate. A notice of the report’s completion, and a short summary of the report shall be published in the Commonwealth Register. The report shall be made public and copies shall be furnished at cost upon request. (b) The annual report shall contain: (1) The condition of all insurers authorized to do business in the Commonwealth during the preceding year; (2) An estimate of the total number of individuals residing in the CNMI with private health insurance coverage, the number of health insurance issuers, the types of health insurance plans and coverages offered by these issuers, the associated premium costs and out-of-pocket cost to the consumers, and the medical loss ratio of each private health insurance plan sold in the Commonwealth; (3) Recommended legislative action; (4) Current rules and regulations of the Insurance Commissioner; (5) Such additional information and comments relative to insurance activities in the Commonwealth as the commissioner deems proper. Source: PL 3-107, § 12; (b)(2) enacted and former (b)(2)–(b)(4) renumbered by PL 19-56 § 5 (July 27, 2016), modified. Commission Comment: The Commission changed the period in (b)(2) to a semicolon pursuant to 1 CMC § 3806(g).