DISB Review of GHMSI’s 2011 Surplus


DC Appleseed participated in the D.C. Department of Insurance, Securities and Banking Commissioner’s review of whether Group Hospitalization and Medical Services, Inc.’s (GHMSI’s) year-end 2011 surplus was excessive under the Medical Insurance Empowerment Amendment Act. On December 30, 2014, the Commissioner determined that the company’s surplus was excessive by $268 million, with 21% ($56 million) attributable to the District. He ordered the company to submit a fair and equitable plan by March 16 for directing the excess attributable to the District toward community health reinvestment.

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DISB Orders and Notices