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§ 3106. Loss ratio standards

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 11. Medicare Supplement Insurance
40 P.S. § 3106
§ 3106. Loss ratio standards
Currentness
Medicare supplement policies shall be expected to return to policyholders in the form of aggregate benefits under the policy, as estimated for the entire period for which rates are computed to provide coverage, on the basis of incurred claims experience and earned premiums for such period, and in accordance with accepted actuarial principles and practices:
(1) at least 75% of the aggregate amount of premiums collected; and
(2) at least 60% of the aggregate amount of premiums collected in the case of certificates issued as a result of solicitations of individuals through the mail or mass media advertising, including both print and broadcast advertising.

Credits

1982, Dec. 15, P.L. 1291, No. 292, § 6, effective July 1, 1983.
40 P.S. § 3106, PA ST 40 P.S. § 3106
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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