31A-21-301. Clauses required to be in a prominent position.
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Effective 5/12/2020
31A-21-301. Clauses required to be in a prominent position.
(1)The following portions of insurance policies shall appear conspicuously in the policy:
(a)as required by Subsections 31A-21-201(3)(a)(iii) and
(iv):
(i)the exact name of the insurer;
(ii)the state of domicile of the insurer; and
(iii)for life insurance and annuity policies only, the address of the administrative office of the insurer;
(b)information that two or more insurers under Subsection (1)(a) undertake only several liability, as required by Section 31A-21-306 ;
(c)if a policy is assessable, a statement of that;
(d)a statement that benefits are variable, as required by Section 31A-22-411 ; however, the methods of calculation need not be in a prominent position;
(e)the right to return a life or accident and health insurance policy under Sections 31A-22-423 and 31A-22-606 ; and
(f)the beginning and ending dates of insurance protection.
(2)Each clause listed in Subsection
(1)shall be displayed conspicuously and separately from any other clause.
Amended by Chapter 32 , 2020 General Session