General standards for Medicare supplemental policies.

(a) For purposes of the voluntary certification program described in this subpart, a policy must meet— (1) The National Association of Insurance Commissioners (NAIC) model standards as defined in § 405.210; and (2) The loss ratio standards specified in § 403.215. (b) Except as specified in paragraph (c) of this section, the standards specified in paragraph (a) of this section must be met in a single policy. (c) In the case of a nonprofit hospital or a medical association where State law prohibits the inclusion of all benefits in a single policy, the standards specified in paragraph (a) of the section must be met in two or more policies issued in conjunction with one another.