| Date: | 08/09/2019 |
|---|---|
| Organization: | Division of Insurance |
| Regulatory Authority: |
MGL c. 175, §§ 2B, 108, 110E, and 205 MGL chs. 175J, 176, 176A, 176B, 176D, 176G and 176K |
| Official Version: | Purchase the official print version |
211 CMR 71.00 provides for the implementation of M.G.L. c. 176K and the federal Social Security Act § 1882; provides 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; provides for the full disclosure of Policy contents; eliminates 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; prevents the sale of coverage which does not in fact complement Medicare; ensures fair marketing; prevents deceptive sales practices; provides for full disclosure in the sale of accident and sickness insurance coverage to persons eligible for Medicare; and facilitates review of rates for Medicare Supplement Insurance.
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