To update Chapter 69O-156 to allow for a revision of prior products and new product generation by adopting revisions to the NAIC Model Regulation.  

Document Information

Comments Open:
8/6/2019
Summary:
The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) was signed into law on April 16, 2015, and prohibits the sale of Medigap policies that cover Part B deductibles to “newly eligible” Medicare beneficiaries. On August 29, 2016, the National Association of Insurance Commissioners (NAIC) adopted revisions to the NAIC Model Regulation to Implement the NAIC Medicare Supplement Insurance Minimum Standards Model Act (NAIC Model Regulation) to comply with MACRA. 69O-156.0086 is created ...
Purpose:
To update Chapter 69O-156 to allow for a revision of prior products and new product generation by adopting revisions to the NAIC Model Regulation.
Rulemaking Authority:
624.308(1), 627.674(2) FS.
Law:
624.307(1), 627.410, 627.674, 627.6741 FS.
Contact:
Michael Lawrence, Jr., Assistant General Counsel, Office of Insurance Regulation, Michael.LawrenceJr@floir.com, (850) 413-4112.
Related Rules: (1)
69O-156.0086.