2012 Revised Code of Washington
Title 48 - INSURANCE
48.66 Medicare supplemental health insurance act.
48.66.100 Loss ratio requirements -- Mass sales practices of individual policies.
RCW 48.66.100 Loss ratio requirements — Mass sales practices of individual policies.
(1) Medicare supplement insurance policies shall return to policyholders in the form of aggregate benefits under the policy, for the entire period for which rates are computed to provide coverage, loss ratios of:
(a) At least seventy-five percent of the aggregate amount of premiums earned in the case of group policies; and
(b) At least sixty-five percent of the aggregate amount of premiums earned in the case of individual policies.
(2) For the purpose of this section, medicare supplement insurance policies issued as a result of solicitation of individuals through the mail or mass media advertising, including both print and broadcast advertising, shall be treated as individual policies.
(3) The insurance commissioner may adopt rules sufficient to accomplish the provisions of this section and may, by such rules, impose more stringent or appropriate loss ratio requirements when it is necessary for the protection of the public interest.
[1992 c 138 § 7; 1982 c 200 § 2; 1981 c 153 § 10.]
Disclaimer: These codes may not be the most recent version. Washington may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
