WILLIAM DONALD SCHAEFER, Governor Ch. 474

CHAPTER 474

(House Bill 1521)

AN ACT concerning

Medicare Supplement Policies

FOR the purpose of amending the Medicare Supplement and Specified
Disease Act as required by amendments made to Title XVIII of
the federal Social Security Act; providing for minimum
benefits to be afforded under Medicare supplement policies;
providing that a Medicare supplement policy issued in the
State may not duplicate benefits available under Medicare;
providing for a reduction in premiums or an increase in
benefits under Medicare supplement policies affected by this
Act; providing for a limitation on exclusions for
preexisting conditions in Medicare supplement policies;
providing for a 30-day period for examination by the
applicant of a Medicare supplement policy; providing for
full disclosure in the sale of Medicare supplement policies;
prohibiting certain practices in the sale of Medicare
supplement policies; providing requirements for the
solicitation of a health insurance policy proposed to be
issued to a person eligible for Medicare; providing
restrictions on commissions paid to agents replacing
Medicare supplement policies; providing for the adoption of
certain regulations by the Commissioner, including minimum
loss ratio standards; providing for review by the
Commissioner of advertisements soliciting the sale of
Medicare supplement policies; providing for furnishing
certain information to the Health Care Financing
Administration; providing certain penalties for violations
of this Act; altering certain definitions; and generally
relating to the sale of Medicare supplement policies.

BY repealing and reenacting, with amendments,

Article 48A - Insurance Code

Section 354W, 468B, 468C, 468D, 468E, 468F, and 477V

Annotated Code of Maryland

(1986 Replacement Volume and 1988 Supplement)

BY repealing and reenacting, without amendments,

Article 48A - Insurance Code

Section 468G

Annotated Code of Maryland

(1986 Replacement Volume and 1988 Supplement)

BY adding to

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