Page:United States Statutes at Large Volume 94 Part 1.djvu/530

 94 STAT. 480

Definition.

Regulations.

Emblem usage, effective date.

Panel findings, transmittal to congressional committees; effective date.

PUBLIC LAW 96-265—JUNE 9, 1980 National Association of Insurance Commissioners on June 6, 1979, as it applies to medicare supplement policies, "(B) The term 'State with an approved regulatory program' means a State for which the Panel has made a determination under subsection (b)(1). "(C) The State in which a policy is issued means— "(i) in the case of an individual policy, the State in which the policyholder resides; and "(ii) in the case of a group policy, the State in which the holder of the master policy resides. "(h) The Secretary shall prescribe such regulations as may be necessary for the effective, efficient, and equitable administration of the certification procedure established under this section. The Secretary shall first issue final regulations to implement the certification procedure established under subsection (a) not later than March 1, 1981. "(i)(l) No medicare supplemental policy shall be certified and no such policy may be issued bearing the emblem authorized by the Secretary under subsection (a) until July 1, 1982. On and after such date policies certified by the Secretary may bear such emblem, including policies which were issued prior to such date and were subsequently certified, and insurers may notify holders of such certified policies issued prior to such date using such emblem in the notification. "(2)(A) The Secretary shall not implement the certification program established under subsection (a) with respect to policies issued in a State unless the Panel makes a finding that such State cannot be expected to have established, by July 1, 1982, an approved State regulatory program meeting the standards and requirements of subsection (b)(D. If the Panel makes such a finding, the Secretary shall implement such program under subsection (a) with respect to medicare supplemental policies issued in such State, until such time as the Panel determines that such State has a program that meets the standards and requirements of subsection (b)(1). "(B) Any finding by the Panel under subparagraph (A) shall be transmitted in writing, not later than January 1, 1982, to the Committee on Finance of the Senate and to the Committee on Interstate and Foreign Commerce and the Committee on Ways and Means of the House of Representatives and shall not become effective until 60 days after the date of its transmittal to the Committees of the Congress under this subparagraph. In counting such days, days on which either House is not in session because of an adjournment sine die or an adjournment of more than three days to a day certain are excluded in the computation.

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