Haw. Code R. § 16-12-8.3 - Notice requirements
(a) As soon as
practicable, but no later than thirty days prior to the annual effective date
of any Medicare benefit changes, an issuer shall notify its policyholders and
certificate holders of modifications it has made to Medicare supplement
insurance policies or certificates in a format acceptable to the commissioner.
The notice shall:
(1) Include a description of
revisions to the Medicare program and a description of each modification made
to the coverage provided under the Medicare supplement policy or certificate;
and
(2) Inform each policyholder or
certificate holder as to when any premium adjustment is to be made due to
changes in Medicare.
(b)
The notice of benefit modifications and any premium adjustments shall be in
outline form and in clear and simple terms so as to facilitate
comprehension.
(c) The notices
shall not contain or be accompanied by any solicitation.
(d) Issuers shall comply with any notice
requirements of the Medicare Prescription Drug, Improvement, and Modernization
Act of 2003.
Notes
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