Public Notices & Hearings
Public Comment Open on Certified Reinsurer Application
An application from Arch Reinsurance Ltd., to be recognized as “certified reinsurer” was received on May 4, 2017. If approved by the Commissioner, Arch Reinsurance Ltd., will be allowed to hold reduced collateral for reinsurance assumed from Montana domestic insurers. Arch Reinsurance Ltd., is currently recognized as a certified reinsurer in the following states: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Louisiana, Maine, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Rhode Island, Vermont, and Washington. Legislation enabling recognition of certified reinsurers was passed during the 2015 legislative session. This notice was posted on May 16, 2017.
Per Montana Administrative Rule 6.6.3842, the Commissioner may not take final action on the application until at least 30 days after posting of the notice. During this 30 day period, members of public may respond to the application. Responses should be sent to Steve Matthews, (406) 444-4372.
Public Hearing on Proposed Health Insurance Rate Increases for 2017
Helena, Mont. – The Office of the Montana State Auditor, Commissioner of Securities and Insurance (CSI) will hold two public hearings on the 2017 proposed health insurance rate increases for the individual and small employer group markets.
The first public hearing will start at 9:00 a.m. on July 26, 2016, in the Scott Hart Auditorium at 302 N Roberts in Helena, Montana.
The second hearing will start at 9:00 a.m. on August 3, 2016, in the Montana State University Billings, 1500 University Drive, Library, Room 148, in Billings, Montana.
At the hearings, a representative from each of the three largest health insurers in Montana — HCSC, dba BlueCross BlueShield of Montana, the Montana Health CO-OP and PacificSource Health Plans — will present information to the public about the basis for their proposed rate increases.
The public will have an opportunity to comment. In addition, the public may comment about the rate increases here. Additional information about the rate increases will be posted there, as well as a recording of the public hearing. Comments can be submitted on the website between July 8, 2016 and August 5, 2016.Learn More About Rate Review