Ind. Code § 27-8-13-12
Reasonable benefits; loss ratio standards
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Ind. Code § 27-8-13-12, Reasonable benefits; loss ratio standards, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1664039
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Full text
Sec. 12.
(a) Medicare supplement policies must return to policyholders benefits that are reasonable in relation to the premium charged.
(b) The commissioner shall adopt rules under IC 4-22-2 to establish minimum standards for loss ratios of Medicare supplement policies on the basis of incurred claims experience, or incurred health care expenses if 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.