CT HB06511

Requires small employer group health insurance carriers to file classification of risks and premium rates with the Insurance Commissioner for approval, effective January 1, 2012.

Prohibits rates from becoming effective unless approved by the commissioner, who must review them within thirty days to ensure rates are not excessive, inadequate, or unfairly discriminatory.

Requires the commissioner to adopt regulations establishing standards for rate review under chapter 54 procedures.

Modifies the procedure in section 38a-568 to allow small employer carriers to certify compliance with approved board plans rather than submitting individual policies for approval, pending commissioner disapproval after notice and hearing.

All provisions take effect October 1, 2011.