|Hearing Scheduled for October 15, 2008|
Pursuant to M.G. L. c. 30A, and in accordance with the authority granted to the Commissioner of Insurance under M.G.L. c. 175, §§ 4 and 25 and M.G.L. c. 176G, §10, the Division of Insurance ("Division") will hold a public hearing at 10:00 a.m. on October 15, 2008, at the offices of the Division, One South Station, Fifth Floor, Boston, MA 02110-2208, regarding the proposed regulation 211 CMR 22.00, Annual Financial Reporting for Years Ending 2010 and After.
The purpose of this hearing is to afford all interested persons an opportunity to provide oral and/or written comment regarding the proposed regulation. This proposed regulation requires insurers and HMOs to report more financial information, thereby providing enhanced regulatory oversight. It also will assist in monitoring the solvency of insurers and HMOs by strengthening internal controls and improving corporate governance. The proceedings concerning the proposed regulation 211 CMR 22.00 are designated as Docket No. G2008-07.
Any person who wishes to provide oral comment about 211 CMR 22.00 is requested to file a Notice of Intent to Comment with the Division on or before October 8, 2008. All other persons who wish to provide oral comment will be heard after those who notify the Division in advance. Written comments may be submitted until the record of the hearing is closed. All submissions must be sent to: Docket Clerk, Hearings and Appeals, Division of Insurance, One South Station, Boston, Massachusetts 02110-2208, and must refer to Docket No. G2008-07. Copies of the proposed regulation are available from the Docket Clerk or from the Division's website at www.mass.gov/doi.Division.
Dated: September 19, 2008
Nonnie S. Burnes
Commissioner of Insurance