§33-16-3c. Loss ratio.
West VirginiaStatutes
Ask Donna
How this section applies to your facts.
WV Code › Chapter 33 › Article 16 › Section 3C
Text
If an insurer considers a loss ratio at the time of renewal of a policy, the insurer shall, upon request of an insured, provide the loss ratio and the components of the loss ratio calculation to the insured no more than 90 days but no less than 60 days before the renewal date of the policy. For purposes of this section, “loss ratio” means the total losses paid out in medical claims divided by the total earned premiums.
Medical claims do not include dental only or vision only coverage.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.