NAIC Model Standards
(2) For purposes of this section: (A) The term “NAIC Model Standards” means the “NAIC Model Regulation to Implement the Individual Accident and Sickness Insurance Minimum Standards Act”, adopted by the National Association of Insurance Commissioners on June 6, 1979 , as it applies to medicare supplemental policies. (B) The term “State with an approved regulatory program” means a State for which the Secretary has made a determination under subsection (b)(1). (C) The State in which a policy is issued means— (i) in the case of an individual policy, the State in which the policyholder resides; and (ii) in the case of a group policy, the State in which the holder of the master policy resides.