State RegulationsNY specificDifficulty 1/5
Once a Medicare supplement policy is issued in New York, what renewability standard applies under Reg 193?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under Reg 193 (11 NYCRR Part 58), New York Medicare supplement policies must be guaranteed renewable: the insurer must continue the coverage while premiums are paid and may not refuse renewal because the insured's health deteriorates or claims mount. As with other guaranteed renewable coverage, the insurer retains the right to adjust premiums on a class basis, but never to single out an insured for cancellation.
Why the other options are wrong
- B) Optional renewability would let the insurer drop coverage precisely when it is needed; the regulation requires the guaranteed form.
- C) Age-based termination is not a feature of New York Medigap renewability; coverage continues with payment of premiums.
- D) Claims experience cannot be used to refuse renewal of a guaranteed renewable Medigap policy.
Memory hook
Medigap in New York: issued year-round, renewed guaranteed.