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Idaho Statutes
Idaho Statutes are updated to the website July 1 following the legislative session.
INSURANCE
CHAPTER 44
MEDICARE SUPPLEMENT INSURANCE MINIMUM STANDARDS
41-4405. Loss ratio standards. Medicare supplement policies shall return to policyholders benefits which are reasonable in relation to the premium charged. The director may issue reasonable rules 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 managed care organization on a service rather than reimbursement basis, and earned premiums in accordance with accepted actuarial principles and practices.
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