(a) Annually, each entity providing Medicare supplement benefit plans in this state shall file with the department the entity’s rates, rating schedule, and supporting documentation demonstrating that:
(1) the entity is complying with the applicable loss ratio standards of this state; and
(2) the actual and expected losses in relation to premiums comply with the requirements of this subchapter and the rules adopted by the commissioner.
(b) The documentation required by Subsection (a) must include a report of the ratio of incurred losses to covered premiums for the preceding calendar year, illustrated by calendar year of issue.

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