Idaho § 41-4405 LOSS RATIO STANDARDS

Idaho Statutes

§ 41-4405 — LOSS RATIO STANDARDS

Idaho § 41-4405

Title 41INSURANCE

Ch. 44MEDICARE SUPPLEMENT INSURANCE MINIMUM STANDARDS

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Bluebook

Idaho Code § 41-4405 (2026).

Text

Medicare supplement policies shall return to policyholders benefits which are reasonable in relation to the premium charged. The director may 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 managed care organization on a service rather than reimbursement basis, and earned premiums in accordance with accepted actuarial principles and practices.

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Medicare supplement policies shall return to policyholders benefits which are reasonable in relation to the premium charged. The director may 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 managed care organization on a service rather than reimbursement basis, and earned premiums in accordance with accepted actuarial principles and practices.