| (1) As soon as practicable, but no later than 30 days
before the annual effective date of any Medicare benefit changes,
every issuer providing Medicare supplement coverage to a resident
of this state must notify its policyholders, contract holders, and
certificate holders of modifications it has made to Medicare supplement
insurance policies, contracts, or certificates. The notice must:
(A) include a description of revisions to the Medicare
program and a description of each modification made to the coverage
provided under the Medicare supplement insurance policy, contract,
or certificate; and
(B) inform each covered person as to when any premium
adjustment is to be made due to changes in Medicare.
(2) The notice of benefit modifications and any premium
adjustments must be in outline form and in clear and simple terms
so as to facilitate comprehension.
(3) The notice may not contain or be accompanied by
any solicitation.
(4) Issuers must comply with any notice requirements
of the MMA.
|
| Source Note: The provisions of this §3.3308 adopted to be effective June 1, 1982, 7 TexReg 1303; amended to be effective July 11, 1988, 13 TexReg 3295; amended to be effective July 28, 1989, 14 TexReg 3401; amended to be effective February 14, 1990, 15 TexReg 540; amended to be effective July 3, 1990, 15 TexReg 3581; amended to be effective December 1, 1990, 15 TexReg 6594; amended to be effective April 15, 1992, 17 TexReg 2238; amended to be effective January 1, 1997, 21 TexReg 10753; amended to be effective April 14, 1999, 24 TexReg 3353; amended to be effective February 19, 2001 26 TexReg 1544; amended to beeffective April 4, 2002, 27 TexReg 2498; amended to be effective May 10, 2005, 30 TexReg 2669; amended to be effective July 6, 2009, 34 TexReg 4532; amended to be effective June 13, 2018, 43 TexReg 3787 |
