4714702 Insurance, Securities and Banking, Department of - Public Hearing - GHMSI Surplus and Community Health Reinvestment Review and Determination
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DISTRICT OF COLUMBIA
DEPARTMENT OF INSURANCE, SECURITIES AND BANKING
NOTICE OF PUBLIC HEARING
Surplus and Community Health Reinvestment Review and Determination for
Group Hospital and Medical Services, Inc., a Subsidiary of CareFirst, Inc.
March 12, 2014
10:00 a.m.
One Judiciary Square
441 4th Street, N.W., Suite 220 South
Washington, D.C. 20001
Pursuant to section 7 of the Hospital and Medical Services Corporation Regulatory Act of 1996, effective April 9, 1997 (D.C. Law 11-245; D.C. Official Code § 31- 3506), as amended by the Medical Insurance Empowerment Amendment Act of 2008, effective March 25, 2009 (D.C. Law 17-369; D.C. Official Code §§ 31-3501 et seq.) (collectively the “Act”), the Commissioner of the Department of Insurance, Securities and Banking (“Department”) hereby gives notice of his intent to conduct a public hearing to review the surplus and community health reinvestment of Group Hospitalization and Medical Services, Inc. (“GHMSI”), a subsidiary of CareFirst, Inc. As set forth in the Act, the public hearing is being conducted to determine: (1) whether the portion of the company’s surplus attributable to the District is unreasonably large; and (2) whether the company has engaged in community health reinvestment to the maximum extent feasible consistent with financial soundness and efficiency.
The public hearing will be held on Wednesday, March 12, 2014, at 10:00 a.m., at One Judiciary Square, 441 – 4th Street, N.W., Suite 220 South, Washington, D.C. 20001. The public hearing will be conducted in accordance with the Procedures for the Determination of Excess Surplus, 26A DCMR § 4601 et seq., and the Department’s Rules of Practice and Procedure for Hearings, 26A DCMR § 3800.1 et seq. Information concerning the review of GHMSI’s surplus, briefing schedule, applicable rules, and further instructions to the public will be posted on the Department’s website at www.disb.dc.gov.
All inquiries, correspondence, and informational filings should be sent to the attention of the Hearing Officer: Ms. Lisa Butler, Hearing Officer, District of Columbia Department of Insurance, Securities and Banking, 810 First Street, NE, Suite 701, Washington, DC 20002. Persons who wish to testify at the public hearing should contact the Hearing Officer at the address above or by email at Lisa.Butler@dc.gov. The record for the public hearing will remain open for seven (7) business days following the hearing for the submission of rebuttal or other written statements.
If a party or witness is deaf, has a hearing impediment, or otherwise cannot readily understand or communicate in English, the party or witness may apply to the Department for the appointment of a qualified interpreter. In addition, if any party or witness requires any other special accommodations, please contact the Hearing Officer at least ten (10) business days prior to the hearing.
