Specifications include, but are not limited to: A.The Legislative Council agrees to notify in writing, which may be byelectronic means, the Insurance Department and CONTRACTOR of theneed for a cost-benefit analysis.B.A completed cost-benefit analysis conducted by CONTRACTOR mustinclude:1.The extent to which the proposed mandate would increase ordecrease the cost of the service;2.The extent to which the proposed mandate would increase theappropriate use of the service;3.The extent to which the proposed mandate would increase ordecrease the administrative expenses of insurers and thepremium and administrative expenses of insureds; and4.The impact of the proposed mandate on the total cost of healthcare.C.CONTRACTOR agrees to make available sufficient staff, and ifnecessary, to add staff to provide the Legislative Council and the Insurance Department each with a completed cost-benefit analysis;provided sufficient funds are available and the STATE timely provides anydata necessary to perform the services. If any questions arise that wouldsignificantly impact the results of the analysis, CONTRACTOR will submitquestions to the Legislative Council within three (3) days of receipt ofeach initial request. Upon receipt of a satisfactory resolution of allquestions, CONTRACTOR will provide its completed cost-benefit analysiswithin seven (7) days from that time or within two weeks from the date ofthe initial request, whichever is greater
