§ 14-206. Filings with Commissioner

   (a) Application to employee benefit plans. -- This section applies to an employee benefit plan whose benefit provisions are governed by the Employee Retirement Income Security Act of 1974 (ERISA) or another federal law.

(b) Required filings. -- On request of the Commissioner, each insurer, employer, third party administrator, or other entity that issues, delivers, administers, or offers a preferred provider insurance policy in the State shall file with the Commissioner:

   (1) a written summary description and a prototype copy of:

      (i) the preferred provider insurance policy;

      (ii) all attendant provider service contracts;

      (iii) any other related contracts; and

      (iv) any amendments to the documents listed in items (i) through (iii) of this item; and

   (2) any other related documents or information that the Commissioner requires.

(c) Penalty. -- The Commissioner may impose a penalty not exceeding $ 1,000 for each failure to comply with this section.

HISTORY: An. Code 1957, art. 48A, § 658; 1997, ch. 35, § 2; 1998, ch. 21, § 1.