(a) Annually, each entity providing Medicare supplement benefit plans in this state shall file with the department the entity's rates, rating schedule, and supporting documentation demonstrating that:
- (1) the entity is complying with the applicable loss ratio standards of this state; and
- (2) the actual and expected losses in relation to premiums comply with the requirements of this subchapter and the rules adopted by the commissioner.
- (b) The documentation required by Subsection (a) must include a report of the ratio of incurred losses to covered premiums for the preceding calendar year, illustrated by calendar year of issue.
- (c) The commissioner may adopt rules relating to filing requirements for rates, rating schedules, and loss ratios.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 4, eff. April 1, 2005.