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This document provides a summary of the proposed rate increases for HMO plans offered by Aetna Health Inc. for New York subscribers, including details on coverage categories and the legal requirements
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What is summary of renewal rates?
Summary of renewal rates is a report that provides an overview of the rates at which insurance policies are renewed during a specific period of time.
Who is required to file summary of renewal rates?
Insurance companies are required to file a summary of renewal rates with the regulatory authority.
How to fill out summary of renewal rates?
The summary of renewal rates is typically filled out by insurance companies using a standardized form provided by the regulatory authority.
What is the purpose of summary of renewal rates?
The purpose of the summary of renewal rates is to allow the regulatory authority to monitor and evaluate the rate at which insurance policies are being renewed.
What information must be reported on summary of renewal rates?
The summary of renewal rates must typically include information such as the total number of policies up for renewal, the number of policies that were renewed, and the renewal rate.
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