Medicare supplement policies shall return to policyholders benefits which are reasonable in relation to the premiums charged. The Insurance Commissioner shall issue reasonable regulations to establish minimum standards for loss ratios of Medicare supplement policies on the basis of incurred claims experience, or incurred healthcare expenses when coverage is provided by a health maintenance organization on a service rather than reimbursement basis, and earned premiums in accordance with accepted actuarial principles and practices.
Section: Previous 23-79-402 23-79-403 23-79-404 23-79-405 23-79-406 23-79-407 23-79-408 23-79-409 23-79-410 NextLast modified: November 15, 2016