625.16 Loss ratios for certain disability policies. The commissioner may by rule establish reasonable minimum standards for loss ratios of medicare supplement policies, medicare replacement policies and long-term care insurance policies. The standards shall be based on incurred claims experience and earned premiums and be in accord with accepted actuarial principles so that benefits will be reasonable in relation to the premiums charged.
History: 1981 c. 82; 1985 a. 29; 1989 a. 31.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 625 - Insurance — rate regulation.
625.01 - Construction and purposes.
625.03 - Scope of application.
625.13 - Filing of rates and consent to rate.
625.14 - Filings open to inspection.
625.15 - Delegation of rate making and rate filing obligation.
625.16 - Loss ratios for certain disability policies.
625.21 - Delaying effect of rates.
625.22 - Disapproval of rates.
625.23 - Special restrictions on individual insurers.
625.31 - Operation and control of rate service organizations.