State RegulationsTN specificDifficulty 2/5
An insurer plans to deliver Medicare supplement policies in Tennessee. Which authority establishes the required terms and minimum standards for those policies?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Tennessee regulates Medicare supplement policies through the Tennessee Department of Commerce & Insurance rule chapter 0780-1-58, which the state content outline cites for policy terms, definitions, prohibited provisions, and minimum standards (including Tenn. Comp. R. & Regs. 0780-1-58-.12). Federal Medicare law is named in the products, but the state rule supplies the policy-level requirements insurers must meet when delivering Medicare supplement coverage in Tennessee.
Why the other options are wrong
- A) Federal Medicare involvement does not displace state regulation; the Tennessee Department of Commerce & Insurance sets policy standards through rule chapter 0780-1-58.
- B) Insurers cannot self-standardize; Tenn. Comp. R. & Regs. 0780-1-58 imposes required terms and minimum standards on Medicare supplement forms.
- C) Long-term care is governed separately under the Long-Term Care Insurance Act, and the Medicare supplement rules do not apply to long-term care policies.
Memory hook
Med supp answers to 0780-1-58.