§ 26-38-205 — Loss ratio standards

(a) Repealed by Laws 1992, ch. 57, § 2.
(b) Medicare supplement policies shall return to
policyholders benefits which are reasonable in relation to the
premium charged. The commissioner 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.