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2018 Georgia Code 33-43-4 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)
O.C.G.A. 33-43-4 Case Law from Google Scholar Amendments to OCGA 33-43-4

TITLE 33 INSURANCE

Section 43. Medicare Supplement Insurance, 33-43-1 through 33-43-9.

ARTICLE 4 LIQUIDATION PROCEEDINGS

33-43-4. Reasonable return of benefits required; minimum standards for loss ratios.

Medicare supplement policies shall return to policyholders benefits which are reasonable in relation to the premium charged.The Commissioner shall issue reasonable regulations to establish minimum standards for loss ratios of medicare supplement policies on the basis of incurred claims experience, or incurred health care expenses where 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.

(Code 1981, §33-43-4, enacted by Ga. L. 1992, p. 1395, § 1.)

JUDICIAL DECISIONS

Interest assumption.

- Insurer was properly required to include an interest assumption in calculating the insurer's loss projections, to support the insurer's application for a rate increase, as that was necessary to return to policyholders reasonable benefits in relation to the premiums charged, and it was not a retroactive law. United Am. Ins. Co. v. Ins. Dep't of Ga., 258 Ga. App. 735, 574 S.E.2d 830 (2002).

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