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23-79-402. Applicability and scope.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-79-402. Applicability and scope.
(a) Except as otherwise specifically provided in § 23-79-405, this subchapter shall apply to:
(1) All Medicare supplement policies delivered or issued for delivery in this state on or after March 20, 1992; and
(2) All certificates issued under group Medicare supplement policies, which certificates have been delivered or issued for delivery in this state.
(b) This subchapter shall not apply to a policy of one (1) or more employers or labor organizations, or of the trustees of a fund established by one (1) or more employers or labor organizations, or combination thereof, for employees or former employees or a combination thereof, or for members or former members, or a combination thereof, of the labor organizations.
(c) The provisions of this subchapter are not intended to prohibit or apply to insurance policies or healthcare benefit plans, including group conversion policies, provided to Medicare-eligible persons, which policies are not marketed or held to be Medicare supplement policies or benefit plans.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-79-402
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-79-402
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b3e8ae585ca12c6c57c1479bf1fc18188a015eb6894613d055deca03160cf131
Source location: content.xml paragraph 46739
Stored source content
23-79-402. Applicability and scope.
(a) Except as otherwise specifically provided in § 23-79-405, this subchapter shall apply to:
(1) All Medicare supplement policies delivered or issued for delivery in this state on or after March 20, 1992; and
(2) All certificates issued under group Medicare supplement policies, which certificates have been delivered or issued for delivery in this state.
(b) This subchapter shall not apply to a policy of one (1) or more employers or labor organizations, or of the trustees of a fund established by one (1) or more employers or labor organizations, or combination thereof, for employees or former employees or a combination thereof, or for members or former members, or a combination thereof, of the labor organizations.
(c) The provisions of this subchapter are not intended to prohibit or apply to insurance policies or healthcare benefit plans, including group conversion policies, provided to Medicare-eligible persons, which policies are not marketed or held to be Medicare supplement policies or benefit plans.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-79-405. Loss ratio standards.
Medicare supplement policies shall return to policyholders benefits which are reasonable in relation to the premiums charged. The Insurance Commissioner shall issue reasonable rules to establish minimum standards for loss ratios of Medicare supplement policies on the basis of incurred claims experience, or incurred healthcare expenses when coverage is provided by a health maintenance organization on a service rather than reimbursement basis, and earned premiums in accordance with accepted actuarial principles and practices.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-79-405
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-79-405. This identifies an authority to review, not proof of applicability.