§ 58-54-50. Rules for compliance with federal law and regulations. - North Carolina Statutes

§ 58‑54‑50.  Rulesfor compliance with federal law and regulations.

The Commissioner may adopttemporary rules necessary to conform Medicare supplement policies andcertificates to the requirements of federal law and regulations, including:

(1)        Requiring refunds orcredits if the policies or certificates do not meet loss ratio requirements.

(2)        Establishing auniform methodology for calculating and reporting loss ratios.

(3)        Assuring publicaccess to policies, premiums, and loss ratio information of issuers of Medicaresupplement insurance.

(4)        Establishingstandards for Medicare Select policies and certificates.

(5)        Any other changesrequired by Congress or the U.S. Department of Health and Human Services, orany successor agency. (1998‑211, s. 13; 2001‑334, s. 11.1.)