Conn. Agencies Regs. § 38a-501a-8 - Filing requirements
(a) All filings of
rates and rating schedules shall be accompanied by an actuarial certification
demonstrating that expected claims in relation to premiums comply with a loss
ratio of not less than fifty-five percent (55%) when combined with actual
experience to date. Filings of rate revisions shall also demonstrate that the
anticipated loss ratio over the entire future period for which the revised
rates are computed to provide coverage can be expected to meet the required
loss ratio standard.
(b) Insurers
shall submit with each policy form that they file for approval a description of
the method used to determine the standard for the payment of policy benefits,
including "usual and customary," "reasonable and customary" or other
standards.
(c) Every insurer
providing individual short term care insurance in this state shall provide a
copy of any short term care insurance advertisement intended for use in this
state whether through written, radio or television medium to the Insurance
Commissioner for review or approval to the extent this may be required in
accordance with regulations adopted pursuant to Section
38a-819
of the Connecticut General Statutes. All such advertisements shall be retained
as provided in Section
38a-819-18
of the Regulations of Connecticut State Agencies.
Notes
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