4710 – Additional Filing Requirements and Annual Report.
§ 4710. Additional filing requirements and annual report. (a) The governing board of the municipal cooperative health benefit plan shall: (1) file for approval with the superintendent a description of material changes in any information provided in the application for certificate of authority in the form and manner prescribed by the superintendent; (2) annually, not […]
4711 – Examinations.
§ 4711. Examinations. (a) The superintendent may examine the affairs of a municipal cooperative health benefit plan as often as deemed necessary, but not less than once in every three years, except that the superintendent may extend the three-year interval to no more than five years upon determining that the three-year requirement is not necessary […]
4712 – Suspension or Revocation of Certificate of Authority.
§ 4712. Suspension or revocation of certificate of authority. (a) The superintendent may suspend or revoke a certificate of authority issued to a municipal cooperative health benefit plan under the following circumstances: (1) for any cause that would be a basis for denial of an initial application for such a certificate, provided that the superintendent […]
4713 – Plan Dissolution.
§ 4713. Plan dissolution. (a) In any case in which the governing board of a municipal cooperative health benefit plan determines that there is reason to believe that the plan will terminate, the governing board shall so inform the superintendent and submit a plan for the superintendent’s approval for winding up the plan’s affairs in […]
4714 – Transition.
§ 4714. Transition. For municipal cooperative health benefit plans that provided medical, surgical or hospital services on or before January first, nineteen hundred ninety-three pursuant to a municipal cooperation agreement authorized under article five-G of the general municipal law, the reserve and surplus requirements in section four thousand seven hundred six of this article may […]
4702 – Definitions.
§ 4702. Definitions. As used in this article: (a) “Community rating” means a rating methodology in which the premium equivalent rate for all persons covered under a municipal cooperative health benefit plan is the same, based upon the experience of the entire pool of risks covered under the plan, without regard to age, sex, health […]
4703 – Application for Certificate of Authority.
§ 4703. Application for certificate of authority. (a) No municipal corporation shall establish, maintain or otherwise participate in a municipal cooperative health benefit plan in this state which provides benefits, in whole or part, on a shared-funding basis, unless the municipal cooperative health benefit plan: (1) obtains and maintains a certificate of authority from the […]
4704 – Conditions for Issuance of Certificate of Authority.
§ 4704. Conditions for issuance of certificate of authority. (a) The superintendent shall issue a certificate of authority to a municipal cooperative health benefit plan if all of the following conditions, after examination and investigation, have been met to the superintendent’s satisfaction: (1) a complete application has been filed with the superintendent in accordance with […]
4705 – Municipal Cooperation Agreements.
§ 4705. Municipal cooperation agreements. (a) The municipal cooperation agreement, under which the municipal cooperative health benefit plan is established and maintained, and any amendment thereto, shall be approved by each participating municipal corporation by majority vote of each such corporation’s governing body, and shall: (1) specify all municipal corporations participating in the municipal cooperative […]
4706 – Reserve and Surplus Requirements.
§ 4706. Reserve and surplus requirements. (a) Notwithstanding any provision of law, the governing board of a municipal cooperative health benefit plan shall establish a reserve fund, and the plan’s chief fiscal officer shall cause to be paid into the reserve fund the amounts necessary to satisfy all contractual obligations and liabilities of the plan, […]