Section 90. Late charge

A. A late charge of $25 per working day shall be paid to the board by an HMO that has not received an exemption from the commissioner as provided for in 12VAC5-407-50 and that has not paid the assessed fees by September 15 or later if determined by an agreement between the board and the nonprofit. The late charge may not be assessed until completion of a 30-day grace period for submitting the data.

B. Late charges may be waived by the board, in its discretion, if an HMO can show that an extenuating circumstance exists. Examples of an extenuating circumstance may include, but are not limited to, the installation of a new computerized system, a bankruptcy proceeding, or change of ownership in the HMO.

Historical Notes

Derived from Volume 19, Issue 26, eff. October 8, 2003; amended, Virginia Register Volume 32, Issue 08, eff. February 1, 2016.

Statutory Authority

§§ 32.1-12 and 32.1-276.5 of the Code of Virginia.