The purpose of this article is to establish certain definitions, policy provisions, anticipated loss ratio standards, and disclosure requirements applicable to group and individual Medicare supplement disability policies and to authorize the implementation of these requirements through regulations promulgated by the Commissioner of Insurance consistent with the uniform standards developed by the National Association of Insurance Commissioners to meet the standards enacted in Public Law 96-265 (Laws 1980).
Structure Code of Alabama
Chapter 19 - Disability Insurance Policies.
Article 2 - Medicare Supplement Policy Minimum Standards.
Section 27-19-50 - Short Title.
Section 27-19-51 - Purpose of Article.
Section 27-19-52 - Definitions.
Section 27-19-52.1 - Applicability of Article.
Section 27-19-53 - Standards for Policy Provisions; Limitations of Benefits.
Section 27-19-55 - Standards for Loss Ratios.
Section 27-19-56 - Outline of Coverage; Disclosure of Information.
Section 27-19-57 - Right of Return and Refund.
Section 27-19-57.1 - Review of Advertisements.
Section 27-19-57.2 - Additional Penalties for Violation of Article.