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The DC Code: § 31-3704 Loss ratio standards.

Index31 Insurance and Securities. (Refs & Annos)

Medicare supplement policies shall return to policyholders benefits which are reasonable in relation to the premium charged. The Mayor 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.

Historical and Statutory

Prior Codifications 1981 Ed., § 35-2614. Temporary Addition of Section See Historical and Statutory Notes following § 31-3701. Legislative History of Laws For legislative history of D.C. Law 9-133, see Historical and Statutory Notes following § 31-3701. For legislative history of D.C. Law 9-170, see Historical and Statutory Notes following § 31-3701. DC CODE § 31-3704 Current through December 11, 2012

Credits

(Oct. 1, 1992, D.C. Law 9-170, § 5, 39 DCR 5825.)