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054.00.27-21. APPROPRIATENESS OF RECOMMENDED PURCHASE AND EXCESSIVE INSURANCE

AR ADC 054.00.27-21Arkansas Administrative CodeEffective: February 1, 2018

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 27. Minimum Standards for Medicare Supplement Policies
Effective: February 1, 2018
Ark. Admin. Code 054.00.27-21
054.00.27-21. APPROPRIATENESS OF RECOMMENDED PURCHASE AND EXCESSIVE INSURANCE
Currentness
A. In recommending the purchase or replacement of any Medicare supplement policy or certificate an agent or producer shall make reasonable efforts to determine the appropriateness of a recommended purchase or replacement.
B. Any sale of Medicare supplement coverage that will provide an individual more than one (1) Medicare supplement policy or certificate is prohibited.
C. An issuer shall not issue a Medicare supplement policy or certificate to an individual enrolled in Medicare Part C unless the effective date of the coverage is after the termination date of the individual's Part C coverage.

Credits

Amended July 1, 2009; Feb. 1, 2018.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.27-21, AR ADC 054.00.27-21
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