Iowa Admin. Code r. 191-37.31

Current through Register Vol. 46, No. 21, April 17, 2024

Rule 191-37.31 - Appropriateness of recommended purchase and excessive insurance

(1)Appropriateness. In recommending the purchase or replacement of any Medicare supplement policy or certificate, a producer shall make reasonable efforts to determine the appropriateness of a recommended purchase or replacement.

(2)No duplication. Any sale of a Medicare supplement policy or certificate that will provide an individual more than one Medicare supplement policy or certificate is prohibited.

(3)No Medicare supplement for enrollee in Part 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 Medicare Part C coverage.

Iowa Admin. Code r. 191-37.31

Amended by IAB April 10, 2019/Volume XLI, Number 21, effective 5/15/2019