§403.215. Loss ratio standards.
42 C.F.R. § 403.215
The policy must be expected to return to the policyholders, in the form of aggregate benefits provided under the policy—
At least 75 percent of the aggregate amount of premiums in the case of group policies; and
At least 60 percent of the aggregate amount of premiums in the case of individual policies.
For purposes of loss ratio requirements, policies issued as a result of solicitation of individuals through the mail or by mass media advertising are considered individual policies.
Notes, amendments, and revision history
Source
Source: 47 FR 32400, July 26, 1982, unless otherwise noted.
Authority
Authority: 42 U.S.C. 1302 and 1395hh.