{"data":{"id":"us-in/ic-27-8-13-12","jurisdiction":"us-in","citation":"IC 27-8-13-12","heading":"Reasonable benefits; loss ratio standards","body":"Sec. 12. (a) Medicare supplement policies must return to policyholders benefits that are reasonable in relation to the premium charged.\n(b) The commissioner shall adopt rules under IC 4-22-2 to establish minimum standards for loss ratios of Medicare supplement policies on the basis of incurred claims experience, or incurred health care expenses if coverage is provided by a health maintenance organization on a service rather than reimbursement basis, and earned premiums in accordance with accepted actuarial principles and practices.","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#27-8-13-12","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"5eb27ebd7296b33ba99d95b173bb01a9af2f9a5bf38b2f0cf9ae5241d66a4492","source_id":"us-in","stale":false,"prev":"us-in/ic-27-8-13-11","next":"us-in/ic-27-8-13-13"},"notice":"GroundRules: Original legal text. Not legal advice."}