West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-18 - Reg Relating To Supplemental Insurance Coverage For Continum Of Care Services For Elderly, Disabled And Terminally Ill
Section 114-18-5 - Loss Ratio Standards
Universal Citation: 114 WV Code of State Rules 114-18-5
Current through Register Vol. XLI, No. 38, September 20, 2024
5.01. Aggregate Benefits - Supplemental insurance coverages for continuum of care services shall be expected to return to policyholders, subscribers or certificateholders in the form of aggregate benefits, on the basis of incurred claims experience , and earned premiums:
(A) In the case of individual
insurance policies, contracts or certificates, at least sixty percent (60%) of the
aggregate amount of premium collected; and,
(B) In the case of group insurance policies,
contracts or certificates, at least seventy-five percent (75%) of the aggregate
amount of premiums collected.
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