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Does the Insurance Department regulate health insurance rates?

April 26, 2017Department health insurance Insurance rates regulate

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Does the Insurance Department regulate health insurance rates?

1 Answer

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Companies are required to file their premium rates and rate increases with the OID for Long Term Care, Medicare Supplement and Small Employer Group policies. Filings are not required for all other lines, and the OID has no regulatory authority over the premium rates or rate revisions.