New Jersey § 26:2j-35

§ 26:2j-35.

The commissioner shall promulgate regulations to effectuate and enforce the provisions

of this act and any regulations which are necessary to conform medicare supplement

health care services provided under a medicare supplement contract or evidence of

coverage with federal law. These regulations shall include, but not be limited to: a. Establishment of minimum standards for benefits, claim payments, marketing and

reporting practices and compensation arrangements; b. Establishment of a uniform methodology for calculating and reporting loss ratios,

and requiring refunds or credits if the medicare supplement contracts do not meet

loss ratio requirements; c. Establishment of a process for filing of all requests for premium increases and

rate changes which may include public hearings as determined appropriate by the commissioner

prior to approval of any premium increases; d. Assurance of access by the public to policy, premium and loss ratio information;

and e. Establishment of standards for Medicare Select contracts at such time as this State

is authorized under federal law to authorize Medicare Select contracts.