Medicare supplement policies shall return to policyholders benefits which are reasonable in relation to the premium charged. The commissioner 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 when 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.
Structure Mississippi Code
Chapter 9 - Accident, Health and Medicare Supplement Insurance
§ 83-9-105. Adoption of minimum standards for benefits; claim payments, etc.
§ 83-9-106. Minimum reserves for accident and health insurance companies
§ 83-9-107. Minimum standards for loss ratios
§ 83-9-110. Review and approval of advertising by commissioner
§ 83-9-111. Right to return policy or certificate
§ 83-9-112. Penalty for issuers violating statutory provisions
§ 83-9-113. Regulations subject to administrative procedures law