§158.345 Determination on a State’s request for adjustment to the medical loss ratio.

(a) General time frame. The Secretary will make a determination as to whether to grant a State’s request for an adjustment to the MLR standard within 30 days after determining that the information required by this subpart has been received.

(b) Extension at the discretion of the Secretary. The Secretary may, in her discretion, extend the 30 day time period in paragraph (a) of this section for as long a time as necessary not to exceed 30 days.