Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 270 - MEDICARE SUPPLEMENT INSURANCE RULE - REVISED
Section 031-270-23 - Transitional form and rate filing requirements
Current through 2024-13, March 27, 2024
(A) As soon as practicable, and no later than forty-five (45) days after the effective date of substantive Medicare benefit changes, every insurer, health maintenance organization, and nonprofit hospital or medical service plan providing Medicare supplement coverage in this State shall file with the Superintendent, in accordance with the applicable filing procedures of this State:
(B) Upon satisfying the filing and approval requirements of this State, every insurer or nonprofit hospital or medical service plan providing Medicare supplement insurance in this State shall provide each covered person with any rider, endorsement, or policy form necessary to make the necessary adjustments.
(C) Any premium adjustments shall produce an expected loss ratio at least as great as that originally anticipated, and that will conform with minimum loss ratio standards for Medicare supplement policies. Premium adjustments may be calculated for the period commencing with Medicare benefit changes.
