Medicare supplement policies shall return to policyholders benefits that are reasonable in relation to the premium charged. The superintendent of insurance shall issue reasonable rules to establish minimum standards for loss ratios of medicare supplement policies on the basis of incurred claims experience, or incurred health care expenses where coverage is provided by a health insuring corporation on a service rather than reimbursement basis, and earned premiums in accordance with accepted actuarial principles and practices.
Effective Date: 06-04-1997
Section: Previous 3923.30 3923.301 3923.31 3923.32 3923.33 3923.331 3923.332 3923.333 3923.334 3923.335 3923.336 3923.337 3923.338 3923.339 3923.36 NextLast modified: October 10, 2016