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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 3923.333 | Benefits to be reasonable in relation to premium charged.

Ohio Revised Code
/
Title 39 Insurance
/
Chapter 3923 Sickness And Accident Insurance
 
Effective:
June 4, 1997
Latest Legislation:
Senate Bill 67 - 122nd General Assembly
PDF:
Download Authenticated PDF
 

Medicare supplement policies shall return to policyholders benefits that are reasonable in relation to the premium charged. The superintendent of insurance shall 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 health insuring corporation on a service rather than reimbursement basis, and earned premiums in accordance with accepted actuarial principles and practices.

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