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the Ohio Revised Code
2011 Ohio Revised Code
Title [39] XXXIX INSURANCE
Chapter 3923: SICKNESS AND ACCIDENT INSURANCE
3923.333 Benefits to be reasonable in relation to premium charged.
Universal Citation:
OH Rev Code § 3923.333
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Medicare supplement policies shall return to policyholders benefits that are reasonable in relation to the premium charged. The superintendent of insurance shall issue reasonable rules 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 insuring corporation on a service rather than reimbursement basis, and earned premiums in accordance with accepted actuarial principles and practices.
Effective Date: 06-04-1997
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