Regulation 9 Advertisements of Medicare Supplement Insurance
230-RICR-20-30-8 INACTIVE RULE
| Title | 230 | Department of Business Regulation (includes the Office of the Health Insurance Commissioner) |
| Chapter | 20 | Insurance |
| Subchapter | 30 | Health Insurance |
| Part | 8 | Regulation 9 Advertisements of Medicare Supplement Insurance |
| Type of Filing | Adoption |
| Regulation Status | Inactive |
| Effective | 05/01/2010 to 08/25/2018 |
Regulation Authority:
R.I. Gen. Laws §§ 27-18.2-1 et seq., 27-29-1 et seq. and 42-62-12
Purpose and Reason:
ADVERTISEMENTS OF MEDICARE SUPPLEMENT INSURANCE WITH INTERPRETIVE GUIDELINES This regulation is issued pursuant to R.I. Gen. Laws §§ 27-18.2-1 et seq., 27-29-1 et seq. and 42-62-12. The purpose of this regulation is to provide prospective purchasers with clear and unambiguous statements in the advertisement of Medicare supplement insurance; to assure the clear and truthful disclosure of the benefits, limitations and exclusions of policies sold as Medicare supplement insurance. Although this is an adoption, a prior version of this regulation had been incorporated from the Department of Business Regulation. This new regulation is based on the most recent model provided by the National Association of Insurance Commissioners (NAIC). The only significant difference between this proposed regulation and the regulation incorporated from DBR is the inclusion of interpretive guidelines provided by the NAIC model.
