§ 31-3704. Loss ratio standards.

Current through October 23, 2012

Medicare supplement policies shall return to policyholders benefits which are reasonable in relation to the premium charged. The Mayor 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 where 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.

                
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(Oct. 1, 1992, D.C. Law 9-170, § 5, 39 DCR 5825.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 35-2614.

Temporary Addition of Section

See Historical and Statutory Notes following § 31-3701.

Legislative History of Laws

For legislative history of D.C. Law 9-133, see Historical and Statutory Notes following § 31-3701.

For legislative history of D.C. Law 9-170, see Historical and Statutory Notes following § 31-3701.