Virginia Administrative Code
Title 14 - INSURANCE
Agency 5 - STATE CORPORATION COMMISSION, BUREAU OF INSURANCE
Chapter 160 - RULES TO IMPLEMENT TRANSITIONAL REQUIREMENTS FOR THE CONVERSION OF MEDICARE SUPPLEMENT INSURANCE BENEFITS AND PREMIUMS TO CONFORM TO REPEAL OF THE MEDICARE CATASTROPHIC COVERAGE ACT
Section 14VAC5-160-40 - Definitions
Current through Register Vol. 41, No. 3, September 23, 2024
For purposes of this chapter (14VAC5-160-10 et seq.):
"Applicant" means:
1. In the case of an individual Medicare supplement policy or contract, the person who seeks to contract for insurance benefits, and
2. In the case of a group Medicare supplement policy or contract, the proposed certificate holder.
"Certificate" means any certificate issued under a group Medicare supplement policy.
"Medicare supplement policy" means a group or individual policy of accident and sickness insurance or any other contract which is advertised, marketed or designed primarily to provide health care benefits as a supplement to reimbursements under Medicare for the hospital, medical or surgical expenses of persons eligible for Medicare by reason of age.
Statutory Authority
§§ 38.2-223, 38.2-3516 through 38.2-3520, 38.2-3600 through 38.2-3609, 38.2-4214, 38.2-4215 and 38.2-514 of the Code of Virginia.
