N.C. Gen. Stat. § 58-54-50
Rules for compliance with federal law and regulations
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
The Commissioner may adopt temporary rules necessary to conform Medicare supplement policies and certificates to the requirements of federal law and regulations, including:
The Commissioner may adopt temporary rules necessary to conform Medicare supplement policies and certificates to the requirements of federal law and regulations, including:
(1) Requiring refunds or credits if the policies or certificates do not meet loss ratio requirements.
(1) Requiring refunds or credits if the policies or certificates do not meet loss ratio requirements.
(2) Establishing a uniform methodology for calculating and reporting loss ratios.
(2) Establishing a uniform methodology for calculating and reporting loss ratios.
(3) Assuring public access to policies, premiums, and loss ratio information of issuers of Medicare supplement insurance.
(3) Assuring public access to policies, premiums, and loss ratio information of issuers of Medicare supplement insurance.
(4) Establishing standards for Medicare Select policies and certificates.
(4) Establishing standards for Medicare Select policies and certificates.
(5) Any other changes required by Congress or the U.S. Department of Health and Human Services, or any successor agency.
(5) Any other changes required by Congress or the U.S. Department of Health and Human Services, or any successor agency.
History
(1998-211, s. 13; 2001-334, s. 11.1.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.