§ 58-54-1. Definitions. - North Carolina Statutes - USA Laws Searching

§ 58-54-1. Definitions.

Article54.

Medicare SupplementInsurance Minimum Standards.

§ 58‑54‑1. Definitions.

Unless the context clearlyindicates otherwise, the following words, as used in this Article, have thefollowing meanings:

(1)        "Applicant"means (i) in the case of an individual Medicare supplement policy or subscribercontract, the person who seeks to contract for insurance benefits; and (ii) inthe case of a group Medicare supplement policy or subscriber contract, theproposed certificate holder.

(2)        "Certificate"means any certificate issued under a group Medicare supplement policy, whichcertificate has been delivered or issued for delivery in this State.

(3)        "Insurer"includes entities subject to Articles 65 through 67 of this Chapter.

(4)        "Medicare"means the "Health Insurance for the Aged Act", Title XVIII of theSocial Security Amendments of 1965, as then constituted or later amended.

(5)        "Policy"means a Medicare supplement policy, which is a group or individual policy ofaccident and health insurance under Articles 1 through 64 of this Chapter, asubscriber contract under Articles 65 and 66 of this Chapter, or an evidence ofcoverage under Article 67 of this Chapter, other than a policy issued pursuantto a contract under section 1876 or section 1833 of the federal Social SecurityAct (42 U.S.C. § 1395 et seq.), or an issued policy under a demonstrationproject authorized pursuant to amendments to the federal Social Security Act,that is advertised, marketed, or designed primarily as a supplement toreimbursements under Medicare for the hospital, medical, or surgical expensesof persons eligible for Medicare. (1989, c. 729, s. 1; 1991(Reg. Sess., 1992), c. 815, s. 1; 1993, c. 553, s. 19.)