20-1358. Change of occupation
There may be a provision as follows: "Change of occupation: If the insured be
injured or contract sickness after having changed his occupation to one classified by the
insurer as more hazardous than that stated in this policy or while doing for compensation
anything pertaining to an occupation so classified, the insurer will pay only such
portion of the indemnities provided in this policy as the premium paid would have
purchased at the rates and within the limits fixed by the insurer for such more hazardous
occupation. If the insured changes his occupation to one classified by the insurer as
less hazardous than that stated in this policy, the insurer, upon receipt of proof of
such change of occupation, will reduce the premium rate accordingly, and will return the
excess pro rata unearned premium from the date of change of occupation or from the policy
anniversary date immediately preceding receipt of such proof, whichever is the more
recent. In applying this provision, the classification of occupational risk and the
premium rates shall be such as have been last filed by the insurer prior to the
occurrence of the loss for which the insurer is liable or prior to date of proof of
change in occupation with the state official having supervision of insurance in the state
where the insured resided at the time this policy was issued; but if such filing was not
required, then the classification of occupational risk and the premium rates shall be
those last made effective by the insurer in such state prior to the occurrence of the
loss or prior to the date of proof of change in occupation."
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