§ 27-18.2-4 - Loss ratio standards.
SECTION 27-18.2-4
§ 27-18.2-4 Loss ratio standards. –Medicare supplement policies shall return to policyholders benefits which arereasonable in relation to the premium charged. The director shall issuereasonable regulations to establish minimum standards for loss ratios ofMedicare supplement policies on the basis of incurred claims experience, orincurred health care expenses where coverage is provided by a healthmaintenance organization on a service rather than reimbursement basis, andearned premiums in accordance with accepted actuarial principles and practices.