Hartford Financial Services Group Inc. (NYSE:HIG) has agreed to refund premiums worth $24 million to its accidental death and dismemberment policyholders in New York, according to Reuters. The refund pertains to the minimum medical loss ratio (MLR) provision of the Patient Protection and Affordable Care Act.
The New York Department of Financial Services said that the company reached a settlement with the state regulators after failing to meet the minimum MLR requirement. MLR is the ratio of total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards