{"data":{"id":"us-in/ic-27-8-13-10","jurisdiction":"us-in","citation":"IC 27-8-13-10","heading":"Medicare supplement policy and certificate standards; conformity with federal law and regulations","body":"Sec. 10. (a) The commissioner shall adopt rules under IC 4-22-2 to establish minimum standards for:\n(1) claims payment;\n(2) marketing practices;\n(3) compensation arrangements; and\n(4) reporting practices;\nfor Medicare supplement policies and certificates.\n(b) The commissioner may adopt rules under IC 4-22-2 that are necessary to conform Medicare supplement policies and certificates to the requirements of federal law and federal regulations. A rule adopted under this subsection may do the following:\n(1) Require refunds or credits if the policies or certificates do not meet loss ratio requirements.\n(2) Establish a uniform methodology for calculating and reporting loss ratios.\n(3) Assure public access to policies, premiums, and loss ratio information of issuers of Medicare supplement insurance.\n(4) Establish a process for approving or disapproving policy forms and certificate forms and proposed premium increases.\n(5) Establish a policy for holding public hearings before approval of premium increases.\n(6) Establish standards for Medicare Select policies and certificates.","path":["TITLE 27. INSURANCE","ARTICLE 8. LIFE, ACCIDENT, AND HEALTH","Chapter 13. Medicare Supplement Insurance"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-8-13-10","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"c60dc5543be9136950445b624123ed033abb5e2bab33d1b2b0c308fc50fc3bde","source_id":"us-in","stale":false,"prev":"us-in/ic-27-8-13-9.5","next":"us-in/ic-27-8-13-10.1"},"notice":"GroundRules: Original legal text. Not legal advice."}