Rule 120-2-81-.12. Initial Premium

A participating health insurer or managed care organization may require payment for any retroactive periods of coverage commencing with the date of a qualifying event as part of the initial premium in order to effectuate coverage. However, such initial premium shall not exceed the sum total of such retroactive payment, a pro-rated premium for the remaining month, and the next full calendar month if a monthly payment mode is selected.

Authority: O.C.G.A. Secs. 33-2-9, 33-29A-1, et seq.

History. ER. 120-2-81-0.8 adopted. F. Dec. 31, 1997; eff. Jan. 2, 1998, to remain in effect for a period of 120 days or until the effective date of a permanent Rule covering the same subject matter superseding the ER, is adopted, as specified by the Agency.

Amended: Permanent Rule entitled "Initial Premium" adopted. F. Apr. 29, 1998; eff. May 19, 1998.