Sec. 7. (a) The office shall develop a sliding scale of premiums for individuals participating in the buy-in program.

     (b) The sliding scale of premiums required under subsection (a) must:

(1) be based on the annual gross income of the individual and, if married, the individual’s spouse; and

(2) provide for a minimum monthly premium of twenty-five dollars ($25) and a maximum monthly premium of two hundred seventy-five dollars ($275).

     (c) Subject to the minimum and maximum amounts described in subsection (b), the office may annually adjust the scale of premiums adopted under this section.

As added by P.L.287-2001, SEC.9.