Notice required for cancellation or refusal to renew
(1) An insurer may not cancel or refuse to renew a disability insurance policy until the insurer has mailed or delivered to the named insured and to the policyowner, if they are not the same, at the last-known post office address shown in the records of the company, one written notice in addition to any billing statement, stating the date the cancellation or refusal to renew will become effective, which may not be less than:
(a) 30 days after the date of mailing or delivery of the notice of cancellation for nonpayment of premiums or a material misrepresentation contained in the application; or
(b) 90 days after the date of mailing or delivery of the notice of cancellation or refusal to renew for any reason other than nonpayment of premiums or a material misrepresentation contained in the application.
(2) The notice requirements in subsection (1) run concurrently with any grace period required by 33-22-206.
(1) An insurer may not cancel or refuse to renew a disability insurance policy until or certificate until the insurer has mailed or delivered to the named insured and to the policyowner, policyowner or certificate holder, as appropriate if they are not the same, same as at the named insured, at the last-known post office address shown in the records of the company, one written notice in addition to any billing statement, stating the date the cancellation or refusal to renew will become effective, which may not be less earlier than:
(a) 30 days after the date beginning of mailing or delivery of the notice of cancellation period for nonpayment of which premiums or a material misrepresentation contained have not been paid in full if the application; notice of cancellation for nonpayment of premiums is mailed or delivered within 15 days after the due date of the missed premiums for
(b) 90 days after the date of mailing or delivery of the notice of cancellation or refusal to renew for any reason other than nonpayment of premiums or a material misrepresentation contained in the application. if notice of cancellation for nonpayment of premiums is not mailed or delivered within 15 days after the premium due date for the applicable policy period; or
(c) 90 days after the date of mailing or delivery of the notice of cancellation or refusal to renew for any reason other than nonpayment of premiums or a material misrepresentation contained in the application.
(2) The An insurer shall give notice requirements of cancellation at least 30 days in subsection (1) run concurrently with any grace period required by 33-22-206. advance of cancellation for nonpayment of premiums or 90 days in advance of cancellation or refusal to renew for any reason other than nonpayment of premiums or a material misrepresentation contained in the application.
(3) An insurer may not cancel a disability insurance policy or a certificate based upon nonpayment of premiums if the premiums are paid in full within the 30-day notice period.
(4) The notice requirements in subsections (1) and (2) run concurrently with any grace period required by 33-22-206.
Notice required for cancellation or refusal to renew
| EnactedEn. SectionSec. 3, ChapterCh. 723, Laws ofL. 1985 |
| AmendedAmd. SectionSec. 1, ChapterCh. 191, Laws ofL. 1989 |