Louisiana Administrative Code
Title 37 - INSURANCE Part
Part XI - Rules
Chapter 1 - Rule Number 3A-Advertisement of Medicare Supplement Insurance
Section XI-125 - Group or Quasi-Group Implications

Universal Citation: LA Admin Code XI-125

Current through Register Vol. 50, No. 9, September 20, 2024

A. An advertisement of a particular policy shall not state or imply that prospective insureds become group or quasi-group members covered under a group policy, and as such, enjoy special rates or underwriting privileges, unless such is the fact.

B. This regulation prohibits the solicitation of a particular class, such as governmental employees, by use of advertisements which state or imply that their occupational status entitles them to reduced rates on a group or other basis when, in fact, the policy being advertised is sold only on an individual basis at regular rates.

AUTHORITY NOTE: Promulgated in accordance with R.S. 22:2 and 22:224.

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