Medicare Supplement Data Reporting

PURPOSE: This regulation facilitates the collecting of relevant Medicare supplement premium loss data in order to ensure that mandated loss ratios are being met by insurers who sell Medicare supplement insurance. (1) Medicare supplement loss data must be reported annually on or before April 1 of each year for the twelve (12) months ending December 31 next preceding on the Medicare Supplement Insurance Experience Report, available on the department’s website, or electronic equivalent. (2) Mass-marketed policies are considered to be individual policies. (3) Group insurance business is to be reported for all certificates issued pursuant to any group policy delivered or issued for delivery in this state. No group insurance business should be reported for group policies delivered or issued for delivery outside this state. AUTHORITY: sections 374.045, 374.190, and 376.874, RSMo 2016.* This rule was previously filed as 4 CSR 190-14.117. Original rule filed Feb. 4, 1987, effective July 1, 1987. Amended: Filed Sept. 14, 1989, effective Jan. 1, 1990. Amended: Filed May 13, 2019, effective Nov. 30, 2019. *Original authority: 374.045, RSMo 1967, amended 1993, 1995, 2008; 374.190, RSMo 1939, amended 1949, 1967, 1992; and 376.874, RSMo 1989, amended 1990, 1992.