Effective: January 1, 2021
Latest Legislation: House Bill 339 - 133rd General Assembly
Each health insuring corporation, annually, on or before the first day of March, shall file a report with the superintendent of insurance, covering the preceding calendar year.
The report shall be verified by an officer of the health insuring corporation, shall be in the form the superintendent prescribes, and shall include:
(A) A financial statement of the health insuring corporation, including its balance sheet and receipts and disbursements for the preceding year, which reflect, at a minimum:
(1) All premium rate and other payments received for health care services rendered;
(2) Expenditures with respect to all categories of providers, facilities, insurance companies, and other persons engaged to fulfill obligations of the health insuring corporation arising out of its health care policies, contracts, certificates, and agreements;
(3) Expenditures for capital improvements or additions thereto, including, but not limited to, construction, renovation, or purchase of facilities and equipment.
(B) A description of the enrollee population and composition, group and nongroup;
(C) A summary of enrollee written complaints and their disposition;
(D) A statement of the number of subscriber policies, contracts, certificates, and agreements that have been terminated by action of the health insuring corporation, including the number of enrollees affected;
(E) A summary of the information compiled pursuant to division (A)(5) of section 1751.04 of the Revised Code;
(F) A current report of the names and addresses of the persons responsible for the conduct of the affairs of the health insuring corporation as required by section 1751.03 of the Revised Code. Additionally, the report shall include the amount of wages, expense reimbursements, and other payments to these persons for services to the health insuring corporation, and shall include a full disclosure of the financial interests related to the operations of the health insuring corporation acquired by these persons during the preceding year.
(G) An actuarial opinion in the form prescribed by the superintendent by rule;
(H) Any other information relating to the performance of the health insuring corporation that is necessary to enable the superintendent to carry out the superintendent's duties under this chapter.