40 Pa. Stat. § 3106

Current through Pa Acts 2024-53, 2024-56 through 2024-111

Section 3106 - Loss ratio standards

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.

40 P.S. § 3106

1982, Dec. 15, P.L. 1291, No. 292, § 6, effective 7/1/1983.