Chapter 40: MASS MARKETING OF CASUALTY AND PROPERTY INSURANCE
§2939. Cancellation and nonrenewal
1. Cancellation and nonrenewal shall be subject to the applicable provisions set forth elsewhere in this Title.
[ 1973, c. 625, §146 (NEW) .]
2. The failure of an employer, association, organization or other group to remit premiums when due for any reason, including, but not limited to, interruption or termination of employment or membership, shall not be regarded as nonpayment of premium by any insured under any such plan providing for remittance of premium by such employer, association, organization or other group, unless such insured shall have been given written notice of such failure to remit and shall not himself have paid such premium by the later of 20 days after such notice, or the due date of such premium remittance under the mass marketing plan or pursuant to regulations set forth by the superintendent.
[ 1973, c. 625, §146 (NEW) .]
3. Upon the termination of employment or membership or upon the discontinuance of the mass marketing plan, such insured member or employee may maintain his policy in force, in the same amount, upon payment of the premium applicable to the class of risk to which he belongs, on an individual basis.
[ 1973, c. 625, §146 (NEW) .]
4. Any notice of cancellation or nonrenewal of any policy of any employee or member insured under a mass marketing plan shall be accompanied by a notice to the employee or member that, at his request, the insurer will afford the employer, association, organization or other group a reasonable opportunity to consult with the insured and to present facts in opposition to cancellation or nonrenewal.
[ 1973, c. 625, §146 (NEW) .]
SECTION HISTORY
1973, c. 585, §12 (AMD). 1973, c. 625, §146 (NEW).
Chapter 40: MASS MARKETING OF CASUALTY AND PROPERTY INSURANCE
§2939. Cancellation and nonrenewal
1. Cancellation and nonrenewal shall be subject to the applicable provisions set forth elsewhere in this Title.
[ 1973, c. 625, §146 (NEW) .]
2. The failure of an employer, association, organization or other group to remit premiums when due for any reason, including, but not limited to, interruption or termination of employment or membership, shall not be regarded as nonpayment of premium by any insured under any such plan providing for remittance of premium by such employer, association, organization or other group, unless such insured shall have been given written notice of such failure to remit and shall not himself have paid such premium by the later of 20 days after such notice, or the due date of such premium remittance under the mass marketing plan or pursuant to regulations set forth by the superintendent.
[ 1973, c. 625, §146 (NEW) .]
3. Upon the termination of employment or membership or upon the discontinuance of the mass marketing plan, such insured member or employee may maintain his policy in force, in the same amount, upon payment of the premium applicable to the class of risk to which he belongs, on an individual basis.
[ 1973, c. 625, §146 (NEW) .]
4. Any notice of cancellation or nonrenewal of any policy of any employee or member insured under a mass marketing plan shall be accompanied by a notice to the employee or member that, at his request, the insurer will afford the employer, association, organization or other group a reasonable opportunity to consult with the insured and to present facts in opposition to cancellation or nonrenewal.
[ 1973, c. 625, §146 (NEW) .]
SECTION HISTORY
1973, c. 585, §12 (AMD). 1973, c. 625, §146 (NEW).
Chapter 40: MASS MARKETING OF CASUALTY AND PROPERTY INSURANCE
§2939. Cancellation and nonrenewal
1. Cancellation and nonrenewal shall be subject to the applicable provisions set forth elsewhere in this Title.
[ 1973, c. 625, §146 (NEW) .]
2. The failure of an employer, association, organization or other group to remit premiums when due for any reason, including, but not limited to, interruption or termination of employment or membership, shall not be regarded as nonpayment of premium by any insured under any such plan providing for remittance of premium by such employer, association, organization or other group, unless such insured shall have been given written notice of such failure to remit and shall not himself have paid such premium by the later of 20 days after such notice, or the due date of such premium remittance under the mass marketing plan or pursuant to regulations set forth by the superintendent.
[ 1973, c. 625, §146 (NEW) .]
3. Upon the termination of employment or membership or upon the discontinuance of the mass marketing plan, such insured member or employee may maintain his policy in force, in the same amount, upon payment of the premium applicable to the class of risk to which he belongs, on an individual basis.
[ 1973, c. 625, §146 (NEW) .]
4. Any notice of cancellation or nonrenewal of any policy of any employee or member insured under a mass marketing plan shall be accompanied by a notice to the employee or member that, at his request, the insurer will afford the employer, association, organization or other group a reasonable opportunity to consult with the insured and to present facts in opposition to cancellation or nonrenewal.
[ 1973, c. 625, §146 (NEW) .]
SECTION HISTORY
1973, c. 585, §12 (AMD). 1973, c. 625, §146 (NEW).
