§431:10A-305  Rules.  (a)  Thecommissioner shall adopt reasonable rules to establish minimum standards forbenefits and claims payment, marketing practices, compensation arrangements,and reporting practices for medicare supplement policies and certificates.

(b)  The commissioner may adopt from time totime, reasonable rules as are necessary to conform medicare supplement policiesand certificates to the requirements of federal law and regulations adoptedthereunder, including but not limited to:

(1)  Requiring refunds or credits if the policies orcertificates do not meet loss ratio requirements;

(2)  Establishing a uniform methodology forcalculating and reporting loss ratios;

(3)  Assuring public access to policies, premiums, andloss ratio information of issuers of medicare supplement insurance;

(4)  Establishing a process for approving ordisapproving policy forms and certificate forms and proposed premium increases;

(5)  Establishing a policy for holding public hearingsprior to approval of premium increases; and

(6)  Establishing standards for medicare selectpolicies and certificates. [L 1987, c 347, pt of §2; am L 1989, c 195, §27; amL 1990, c 84, §4; am L 1992, c 195, §4; am L 1993, c 205, §23; am L 1996, c 28,§3]