108 STAT. 4452 PUBLIC LAW 103-432—OCT. 31, 1994 "NAIC") modifies its 1991 NAIC Model Regulation (adopted in July 1991) to conform to the amendments made by this section and to delete from section 15C the exception which begins with "unless", such revised regulation incorporating the modifications shall be considered to be the 1991 Regulation for the purposes of section 1882 of the Social Security Act. (3) SECRETARY STANDARDS. — If the NAIC does not make the modifications described in paragraph (2) within the period specified in such paragraph, the Secretary of Health and Human Services shall make the modifications described in such paragraph and such revised regulation incorporating the modifications shall be considered to be the 1991 Regulation for the purposes of section 1882 of the Social Security Act. (4) DATE SPECIFIED.— (A) IN GENERAL.— Subject to subparagraph (B), the date specified in this paragraph for a State is the earlier of— (i) the date the State changes its statutes or regulations to conform its regulatory program to the changes made by this section, or (ii) 1 year after the date the NAIC or the Secretary first makes the modifications under paragraph (2) or (3), respectively. (B) ADDITIONAL LEGISLATIVE ACTION REQUIRED. —In the case of a State which the Secretary identifies as— (i) requiring State legislation (other than legislation appropriating funds) to conform its regulatory program to the changes made in this section, but (ii) having a legislature which is not scheduled to meet in 1996 in a legislative session in which such legislation may be considered, the date specified in this paragraph is the first day of the first calendar quarter beginning after the close of the first legislative session of the State legislature that begins on or after January 1, 1996. For purposes of the previous sentence, in the case of a State that has a 2-year legislative session, each year of such session shall be deemed to be a separate regular session of the State legislature. SEC. 172. 6 -MONTH EXTENSION OF PERIOD FOR ISSUANCE OF MEDI- CARE SELECT POLICIES. (a) IN GENERAL.—Section 4358(c) of the Omnibus Budget Reconciliation Act of 1990 (42 U.S.C. 1320c-3 note) is amended by striking "3-year" and inserting "3y2-year". 42 USC 1320C-3 (b) EFFECTIVE DATE. —The amendment made by subsection (a) "°^- shall take effect as if included in the enactment of the Omnibus Budget Reconciliation Act of 1990.
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