Section 50. Procedures

A. Each insurer, health services plan or health maintenance organization shall submit a full and complete Form MB-1 report to the Bureau of Insurance by May 1, of each year unless:

1. It is exempted from this requirement by 14VAC5-190-40 B; or

2. It is eligible to file an abbreviated report pursuant to 14VAC5-190-40 C. Abbreviated reports must be submitted by May 1 of each year.

B. The Form MB-1 report shall be filed in the format prescribed in Appendix A of this chapter. Information shall be converted to the required coding systems by the insurer, health services plan or health maintenance organization prior to submission to the Bureau of Insurance.

C. Reports may be filed by use of machine readable computer diskettes issued by the Bureau of Insurance expressly for this purpose, although typewritten reports are acceptable provided that the exact format set forth in this chapter, and as subsequently modified as set forth in 14VAC5-190-60, is utilized.

Historical Notes

Derived from Regulation 38, Case No. INS910044, § 5, eff. October 1, 1991; amended, Case No. INS940147, Volume 11, Issue 08, eff. December 7, 1994.

Statutory Authority

§§ 12.1-13, 38.2-223 and 38.2-3419.1 of the Code of Virginia.