North Dakota § 26.1-36-37.2 Loss ratios - Rules

North Dakota Statutes

§ 26.1-36-37.2 — Loss ratios - Rules

North Dakota § 26.1-36-37.2

Title 26.1Insurance

Ch. 26.1-36Accident and Health Insurance

This text of North Dakota § 26.1-36-37.2 (Loss ratios - Rules) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-36-37.2 (2026).

Text

For all policies providing hospital, surgical, medical, or major medical benefit, an insurance
company, a nonprofit health service corporation, a fraternal benefit society, and any other entity
providing a plan of health insurance or health benefit subject to state insurance regulation shall
return benefits to group policyholders in the aggregate of not less than seventy percent of
premium received and to individual policyholders in the aggregate of not less than fifty-five
percent of premium received. The commissioner shall adopt rules to establish these minimum
standards on the basis of incurred claims experienced and earned premiums for the entire
period for which rates are computed to provide coverage in accordance with accepted actuarial
principles and practices. This section does not

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For all policies providing hospital, surgical, medical, or major medical benefit, an insurance
company, a nonprofit health service corporation, a fraternal benefit society, and any other entity
providing a plan of health insurance or health benefit subject to state insurance regulation shall
return benefits to group policyholders in the aggregate of not less than seventy percent of
premium received and to individual policyholders in the aggregate of not less than fifty-five
percent of premium received. The commissioner shall adopt rules to establish these minimum
standards on the basis of incurred claims experienced and earned premiums for the entire
period for which rates are computed to provide coverage in accordance with accepted actuarial
principles and practices. This section does not apply to any contract or plan of insurance that
provides exclusively for accident, disability income insurance, specified disease, hospital
confinement indemnity, or other limited benefit health insurance.