§ 58-50-127. Small employer carrier plan elections.
§ 58‑50‑127. Small employer carrier plan elections.
A small employer carrier shallsubmit, in a format prescribed by the Commissioner, an election pursuant toG.S. 58‑50‑125(d) pertaining to the offering of at least one basicand standard health care plan or the alternative health care plans as providedin G.S. 58‑50‑126. The election shall be effective for a period ofnot less than two years. The election shall be submitted with policy forms whenthey are submitted for approval, or if the policy forms have been previouslyapproved, then no later than February 1 of the year in which the small employercarrier wishes the election to begin. If a small employer carrier does not makea new election, or if the new election is not approved if applicable, the existingelection at the end of the two‑year election period shall continue toapply for another two‑year period. (2007‑298, s. 5.2.)