Idaho § 41-4405 - Loss ratio standards
Full text of Idaho Idaho Statutes § 41-4405 — Loss ratio standards, with citation guidance and answers to common questions.
§ 41-4405. Loss ratio standards
Medicare supplement policies shall return to policyholders benefits which are reasonable in relation to the premium charged. The director may issue reasonable rules 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 managed care organization on a service rather than reimbursement basis, and earned premiums in accordance with accepted actuarial principles and practices.
[41-4405, added 1999, ch. 102, sec. 2, p. 325.]
Frequently Asked Questions About Idaho § 41-4405
What does Idaho Statutes § 41-4405 cover?
Section 41-4405 ("Loss ratio standards") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 41-4405?
A common citation format is "Idaho Statutes § 41-4405" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 41-4405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.