33-22-922. Discontinuance or nonrenewal -- alternate policy -- unauthorized bulk reinsurance. (1) Alternate medicare supplement coverage as provided in 33-22-921 must be offered to its insureds by a disability insurer that:
(a) bulk cedes its medicare supplement policy business to an insurer that does not meet the requirements of chapter 2;
(b) authorizes the bulk reinsurer to administer the medicare supplement policies on its behalf; and
(c) discontinues or does not renew a medicare supplement policy product.
(2) The premium for the alternate policy referred to in subsection (1) must be based on actuarially justified rates.
History: En. Sec. 2, Ch. 125, L. 1987.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 22. Disability Insurance
Part 9. Medicare Supplement Insurance Minimum Standards
33-22-904. Standards for policy provisions -- rules
33-22-905. Minimum standards for benefits and payment of claims -- rules
33-22-906. Loss ratio standards and filing requirements -- limits on compensation
33-22-907. Disclosure standards -- informational brochure -- rules
33-22-908. Notice of free examination
33-22-909. Administrative procedures
33-22-910. Filing requirements for advertising
33-22-912. through 33-22-920 reserved
33-22-921. Discontinuance or nonrenewal -- alternate policy or certificate -- same insurer
33-22-922. Discontinuance or nonrenewal -- alternate policy -- unauthorized bulk reinsurance
33-22-923. Replacement policy or certificate -- different insurer