“Supplemental coverage” defined. Supplemental coverage is not a health benefit plan if:
1. The carrier files on or before March 1 of each year a certification with the Commissioner that contains:
(a) A statement from the carrier certifying that the policies or certificates described are being offered and marketed as supplemental health insurance and not as a substitute for hospital or medical expense insurance or major medical expense insurance; and
(b) A summary description of each policy or certificate described, including the average annual premium rates, or range of premium rates in cases where premiums vary by age, sex or other factors, charged for the policies and certificates in this state.
2. In the case of a policy or certificate that is offered for the first time in this state on or after January 1, 1996, the carrier files with the Commissioner the information and statement required in subsection 1 at least 30 days before the date the policy or certificate is issued or delivered in this state.
Last modified: February 27, 2006