50 Ill. Adm. Code 2010.APPENDIX A
A Interpretive Guidelines
Section 2010
Section 2010.APPENDIX A
Interpretive Guidelines
Section 2010.ILLUSTRATION Q Guideline
to Section 2010.90(a)
An advertisement shall
specifically identify the Medicare supplement insurance policy to which
statistics relate and, where statistics are given which are applicable to a
different policy, it must be stated clearly that the data does not relate to
the policy being advertised.
An advertisement which states
the dollar amount of claims paid must also indicate the period over which such
claims have been paid.
If the term "loss
ratio" is used, it shall be properly explained in the context of the
advertisement and, unless the state has issued a regulation otherwise defining
the term, it shall be calculated on the basis of premium earned to losses
incurred and shall not be on a yearly run-off basis.