District of Columbia Statutes
§ 31-3704 — Loss ratio standards.
District of Columbia·Title 31 Insurance and Securities.·Ch. 37 Medicare Supplement Insurance.·Subch. I General.
Medicare supplement policies shall return to policyholders benefits which are reasonable in relation to the premium charged. The Mayor shall issue reasonable regulations 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 maintenance organization on a service rather than reimbursement basis, and earned premiums in accordance with accepted actuarial principles and practices.
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Related
Krukas v. Aarp
(District of Columbia, 2019)
Legislative History
Oct. 1, 1992, D.C. Law 9-170, § 5, 39 DCR 5825
Nearby Sections
15
§ 31-1001
Report requirement.§ 31-1004
Confidentiality.§ 31-101
Definitions.§ 31-103
Functions and duties.§ 31-105
Transfers.§ 31-106
Organization.§ 31-106.01
Student Loan Ombudsman.§ 31-106.02a
Prohibited conduct – student loan servicers.§ 31-106.02b
Affirmative duties – student loan servicers.§ 31-106.02c
Prohibited acts – private education lenders.