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Department of Insurance, Securities and Banking

Notice of Public Hearing - Surplus Review and Determination Regarding Group Hospitalization and Medical Services., Inc.

Friday, September 10, 2010

Pursuant to section 7 of the Hospital and Medical Services Corporation Regulatory Act of 1996, effective April 9, 1997 (D.C. Law 11-245; D.C. Official Code § 31-3506) ("Act"), and Chapter 46, Title 26 of the District of Columbia Municipal Regulations, Procedures for the Determination of Excess Surplus, effective July 10, 2009, the Commissioner of the Department of Insurance, Securities and Banking ("DISB") hereby gives notice that he will convene a Public Hearing to determine whether the portion of the surplus of Group Hospitalization and Medical Services, Inc. ("GHMSI") attributable to the District is unreasonably large and inconsistent with GHMSI's community health reinvestment obligations set forth in the Act. This Notice of Public Hearing ("Notice"), which was published in the District of Columbia Register on July 24, 2009, in Vol. 56, No. 30, at page 005967, is being revised to provide the new location for the Public Hearing, and to correct a typographical error.

The hearing will be held on Thursday, September 10, 2009, at 10:00 a.m. at the address listed above. The hearing may be extended to include a second day on September 11, 2009. If necessary, the second day of the hearing will be held at 10:00 a.m. at One Judiciary Square, 441 4th Street, NW, Old Council Chambers, Washington, DC 20001.

Information concerning the GHMSI surplus review, briefing schedule, applicable rules, and further instructions to the public will be posted on the DISB website