NU Online News Service, Sept. 3, 10:31 a.m. EDT
WASHINGTON–Health regulators will deal this month with a request by agents that their commissions not be treated as part of a company's premium revenue for purposes of establishing medical loss ratios.
The National Association of Insurance Commissioners (NAIC) and the Department of Health and Human Services (HHS) are targeting Sept. 23 as the deadline for finalizing a provision of the health care reform law that limits administrative costs to a maximum of 20 percent, and in some cases, 15 percent of premiums.
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