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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 14. Insurance |
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Agency 5. State Corporation Commission, Bureau of Insurance |
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Chapter 160. Rules to Implement Transitional Requirements for the Conversion of Medicaresupplement Insurance Benefits and Premiums to Conform to Repeal of the Medicarecatastrophic Coverage Act |
Section 40. Definitions
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For purposes of this chapter (14VAC5-160-10 et seq.):
"Applicant" means:
1. In the case of an individual Medicare supplement policy or contract, the person who seeks to contract for insurance benefits, and
2. In the case of a group Medicare supplement policy or contract, the proposed certificate holder.
"Certificate" means any certificate issued under a group Medicare supplement policy.
"Medicare supplement policy" means a group or individual policy of accident and sickness insurance or any other contract which is advertised, marketed or designed primarily to provide health care benefits as a supplement to reimbursements under Medicare for the hospital, medical or surgical expenses of persons eligible for Medicare by reason of age.
Historical Notes
Derived from Regulation 36, Case No. INS900003, § 5, eff. January 31, 1990.