Title 22 — Business Regulation
30 chapters · 733 sections in this title.
22 GCA § 29101 Definitions
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(a) Applicant means: (1) In the case of an individual Medicare supplement policy, the person who seeks to contract for insurance benefits, and (2) In the case of a group Medicare supplement policy, the proposed certificate holder. (b) Certificate means, for the purposes of this C…
22 GCA § 29102 Applicability and Scope
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(a) Except as otherwise specifically provided in § 29104, this Chapter shall apply to: (1) all Medicare supplement policies delivered or issued for delivery in Guam on or after the effective date hereof, and (2) All certificates issued under group Medicare supplement policies, wh…
22 GCA § 29103 Standards for Policy Provisions and Authority to Promulgate
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Regulations. (a) No Medicare supplement policy or certificate in force in Guam shall contain benefits that duplicate benefits provided by Medicare. (b) Notwithstanding any other provision of law, a Medicare supplement policy or certificate shall not exclude or limit benefits for …
22 GCA § 29104 Loss Ratio Standards
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Medicare supplement policies shall return to policy holders benefits which are reasonable in relation to the premium charged. The commissioner shall issue reasonable regulations to establish minimum standards for loss ratios of Medicare supplement policies on the basis of incurre…
22 GCA § 29105 Disclosure Standards
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(a) In order to provide for full and fair disclosure in the sale of Medicare supplement policies, no Medicare supplement policy or certificate shall be delivered in Guam unless an outline of coverage is delivered to the applicant at the time application is made. (b) The Commissio…
22 GCA § 29106 Notice of Free Examination
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Medicare supplement policies and certificates shall have a notice prominently printed on the first page of the policy or certificate or attached thereto stating in substance that the applicant shall have the right to return the policy or certificate within thirty (30) days of its…
22 GCA § 29107 Filing Requirements for Advertising
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Every issuer of Medicare supplement insurance policies or certificates in Guam shall provide a copy of any Medicare supplement advertisement intended for use in Guam whether through written, radio, or television medium to the commissioner for review or approval by the Commissione…
22 GCA § 29108 Administrative Procedures
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Regulations adopted pursuant to '12212, Chapter 12 relating to the adoption and promulgation of rules and regulations. COL9222017 SOURCE: GC § 43907; added by P.L. 21-123:1 (July 20, 1992).
22 GCA § 29109 Penalties
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In addition to any other applicable penalties for violations of the Insurance Code, the commissioner may require issuers violating any provision of this Chapter or regulations promulgated pursuant to this Chapter to cease marketing any Medicare supplement policy or certificate in…
22 GCA § 29110 Severability
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If any provision of this Chapter or the application thereof to any person or circumstances is for any reason held to be invalid, the remainder of the Chapter and the application of such provision to other persons or circumstances shall not be affected thereby. SOURCE: GC § 43909;…