§ 23-79-403 — Definitions

Arkansas § 23-79-403

• Jurisdiction: Arkansas
• Title: 23

Text

As used in this subchapter: (1) "Applicant" means: (A) In the case of an individual Medicare supplement policy, the person who seeks to contract for insurance benefits; and (B) In the case of a group Medicare supplement policy, the proposed certificate holder; (2) "Certificate" means any certificate delivered or issued for delivery in this state under a group Medicare supplement policy; (3) "Certificate form" means the form on which the certificate is delivered or issued for delivery by the issuer; (4) "Commissioner" means the Insurance Commissioner; (5) "Issuer" includes insurance companies, fraternal benefit societies, healthcare service plans, health maintenance organizations, and any other entity delivering or issuing for delivery in this state Medicare supplement policies or certificates; (6) "Medicare" means the Health Insurance for the Aged Act, Title XVIII of the Social Security Amendments of 1965, as then constituted or later amended; (7) "Medicare supplement policy" means a group or individual policy of accident and health insurance, a subscriber contract of a hospital and medical service corporation or health maintenance organization other than a policy issued pursuant to a contract under section 1876 or section 1833 of the Social Security Act, or an issued policy under a demonstration project authorized pursuant to amendments to the federal Social Security Act that is advertised, marketed, or designed primarily as a supplement to reimbursements under Medicare for the hospital, medical, or surgical expenses of persons eligible for Medicare; and (8) "Policy form" means the form on which the policy is delivered or issued for delivery by the issuer.

Legislative History

Acts 1992 (1st Ex. Sess.), No. 72, § 3; 2001, No. 1603, § 34.