| Date: | 08/09/2019 |
|---|---|
| Organization: | Division of Insurance |
| Regulatory Authority: |
MGL c. 175, §§ 2B, 108, 110E, and 205 MGL ch. 175J MGL ch. 176 MGL ch. 176A MGL ch. 176B |
| Official Version: | Purchase the official version |
The purpose of 211 CMR 71.00 is to provide for the implementation of M.G.L. c. 176K and the federal Social Security Act § 1882; to provide for the reasonable standardization and simplification of the terms, benefits, organization and format of Medicare Supplement Insurance Policies; to facilitate public understanding and comparison of such Policies; to ensure that Policies are written in an easily understood manner; to provide for the full disclosure of Policy contents; to eliminate provisions contained in such Policies which may be misleading or confusing in connection with the purchase of such Policies or with the settlement of claims; to prevent the sale of coverage which does not in fact complement Medicare; to ensure fair marketing; to prevent deceptive sales practices; to provide for full disclosure in the sale of accident and sickness insurance coverage to persons eligible for Medicare; and to facilitate review of rates for Medicare Supplement Insurance.