W. Va. Code R. § 114-18-5

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 114-18-5 - Loss Ratio Standards

5.01. Aggregate Benefits - Supplemental insurance coverages for continuum of care services shall be expected to return to policyholders, subscribers or certificateholders in the form of aggregate benefits, on the basis of incurred claims experience , and earned premiums:

(A) In the case of individual insurance policies, contracts or certificates, at least sixty percent (60%) of the aggregate amount of premium collected; and,

(B) In the case of group insurance policies, contracts or certificates, at least seventy-five percent (75%) of the aggregate amount of premiums collected.

W. Va. Code R. § 114-18-5