16 Del. Admin. Code § 5001-7.0

Current through Register Vol. 28, No. 7, January 1, 2025

Section 5001-7.0 - Duties of the Administrator

7.1 The program shall be administered by the Executive Director. As administrator of the program, the Executive Director may:

7.1.1 Conduct an audit of the information received under Section 4.0.

7.1.2 Notify reinsurance eligible issuers of the results of the calculation described in Section 6.0, including any modifications of the coinsurance rate once DHCC receives the results from CMS.

7.1.3 Issue reinsurance payments to each reinsurance eligible issuer in accordance with Section 6.0.

7.1.4 Assign the functions vested in him or her by the Delaware Health Insurance Individual Market Stabilization Reinsurance Program and these regulations to subordinate officers and employees as he or she deems necessary. The designee shall have the same power and authority that would be afforded to the Executive Director.

7.1.5 Contract with other state agencies and third parties as he or she deems necessary to administer the program.

7.1.6 Use, access, store, and disclose the information submitted to the program under Section 4.0, including disclosing the information to the Insurance Commissioner, in accordance with applicable state and federal confidentiality laws, for the purposes of ensuring the efficient administration of the program and to reduce the reporting burden on issuers.

7.1.7 Submit an annual report to the Governor and General Assembly, in consultation with the DHSS and DOI and in accordance with applicable state and federal confidentiality laws.

7.1.8 Perform other functions he or she deems reasonably necessary to administer the program.

16 Del. Admin. Code § 5001-7.0

24 DE Reg. 1009( 5/1/2021) (final)