Mich. Admin. Code R. 390.1803 - Limiting participation; methods; applicant priority for following year
Rule 3.
(1) If it is
determined by the board, at any particular time, that either the total number
of participants in the trust, in a specific plan or in a type of contract of
the trust, or the number of beneficiaries in specific age groups must be
limited to maintain the actuarial soundness of the trust, the board, by
resolution, may limit the number of new beneficiaries by 1 or more of the
following methods:
(a) The institution of a
system whereby applicants with completed applications related by beneficiary
age group, filing date, or other classification determined by the board are
selected to be eligible to enter into contracts during a specific enrollment
period by a method designed to insure fairness. The board shall determine
whether applications may be submitted by mail or in person, or both.
(b) The institution of a first-come,
first-served process whereby applications for program entry are accepted in the
order they are received. The board shall determine whether applications may be
submitted by mail or in person, or both. Locations at which applications will
be accepted shall be specified in advance.
(c) The institution of an open application
period whereby, for a limited period of time as specified by the board, all
completed applications submitted during the specified period shall be accepted
by the trust. The board shall determine whether applications may be submitted
by mail or in person, or both. If it is determined by the board, as specified
by the actuary, that the actuarial soundness of the trust will not be impaired,
the board may accept additional applications received after the application
period on a first-come, first-served basis or other basis recommended by the
actuary.
(d) A combination of any
of the methods specified in the provisions of subdivisions (a) to (c) of this
subrule.
(e) Any other method for
limiting participation, if the method does not adversely affect the financial
soundness of the trust.
(2) The board may permit applicants who are
not accepted to enter into a contract with the trust during a particular year
or enrollment period to receive priority consideration for the following year
or enrollment period.
Notes
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