Indiana § 27-8-13-12 Reasonable benefits; loss ratio standards

Indiana Statutes

§ 27-8-13-12 — Reasonable benefits; loss ratio standards

Indiana § 27-8-13-12

Title 27INSURANCE

Art. 8LIFE, ACCIDENT, AND HEALTH

Ch. 13Medicare Supplement Insurance

This text of Indiana § 27-8-13-12 (Reasonable benefits; loss ratio standards) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-8-13-12 (2026).

Text

(a)Medicare supplement policies must return to policyholders benefits that are reasonable in relation to the premium charged.

(b)The commissioner shall adopt rules under IC 4-22-2 to establish minimum standards for loss ratios of Medicare supplement policies on the basis of incurred claims experience, or incurred health care expenses if 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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(a) Medicare supplement policies must
return to policyholders benefits that are reasonable in relation to the
premium charged.
(b) The commissioner shall adopt rules under IC 4-22-2 to establish
minimum standards for loss ratios of Medicare supplement policies on
the basis of incurred claims experience, or incurred health care
expenses if 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.