Sec. 1652.102. FILING REQUIREMENTS. (a) Annually, each entity providing Medicare supplement benefit plans in this state shall file with the department the entity's rates, rating schedule, and supporting documentation demonstrating that:
(1) the entity is complying with the applicable loss ratio standards of this state; and
(2) the actual and expected losses in relation to premiums comply with the requirements of this subchapter and the rules adopted by the commissioner.
(b) The documentation required by Subsection (a) must include a report of the ratio of incurred losses to covered premiums for the preceding calendar year, illustrated by calendar year of issue.
(c) The commissioner may adopt rules relating to filing requirements for rates, rating schedules, and loss ratios.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 4, eff. April 1, 2005.
Structure Texas Statutes
Title 8 - Health Insurance and Other Health Coverages
Subtitle I - Specialized Coverages
Chapter 1652 - Medicare Supplement Benefit Plans
Subchapter C. Loss Ratio Standards
Section 1652.101. Loss Ratio Standards
Section 1652.102. Filing Requirements
Section 1652.103. Review of Premium Increases
Section 1652.104. Benefit Changes
Section 1652.105. Reporting Loss Ratio Information to Secretary of Health and Human Services