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

Indiana Statutes

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

Indiana·Title 27 INSURANCE·Art. 8 LIFE, ACCIDENT, AND HEALTH·Ch. 13 Medicare Supplement Insurance

(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.

Indiana § 27-8-13-12 (Reasonable benefits; loss ratio standards) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.