North Carolina General Statutes 58-54-50. Rules for compliance with federal law and regulations
Current as of: 2024 | Check for updates
|
Other versions
The Commissioner may adopt temporary rules necessary to conform Medicare supplement policies and certificates to the requirements of federal law and regulations, including:
(1) Requiring refunds or credits if the policies or certificates do not meet loss ratio requirements.
Terms Used In North Carolina General Statutes 58-54-50
- Medicare: means the "Health Insurance for the Aged Act" Title XVIII of the Social Security Amendments of 1965, as then constituted or later amended. See North Carolina General Statutes 58-54-1
(2) Establishing a uniform methodology for calculating and reporting loss ratios.
(3) Assuring public access to policies, premiums, and loss ratio information of issuers of Medicare supplement insurance.
(4) Establishing standards for Medicare Select policies and certificates.
(5) Any other changes required by Congress or the U.S. Department of Health and Human Services, or any successor agency. (1998-211, s. 13; 2001-334, s. 11.1.)