(a) This section applies to an employee benefit plan whose benefit provisions are governed by the Employee Retirement Income Security Act of 1974 (ERISA) or another federal law.
(b) On request of the Commissioner, each insurer, employer, third party administrator, or other entity that issues, delivers, administers, or offers a preferred provider insurance policy in the State shall file with the Commissioner:
(1) a written summary description and a prototype copy of:
(i) the preferred provider insurance policy;
(ii) all attendant provider service contracts;
(iii) any other related contracts; and
(iv) any amendments to the documents listed in items (i) through (iii) of this item; and
(2) any other related documents or information that the Commissioner requires.
(c) The Commissioner may impose a penalty not exceeding $1,000 for each failure to comply with this section.