31A-22-522. Required provision for notice of termination.
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Effective 5/5/2021
31A-22-522. Required provision for notice of termination.
(1)A group insurance policy offering life insurance coverage or a blanket insurance policy offering life insurance coverage shall include a provision that obligates the policyholder to notify each employee or group member:
(a)in writing;
(b)30 days before the day on which the coverage terminates; and
(i)that the group insurance policy offering life insurance coverage or blanket insurance policy offering life insurance coverage is being terminated; and
(ii)the rights the employee or group member has to convert coverage upon termination.
(2)For a group insurance policy offering life insurance coverage or a blanket insurance policy offering life insurance coverage described in Subsection
(1), an insurer shall:
(a)include a statement of a policyholder's obligations under Subsection
(1)in the insurer's monthly notice to the policyholder of premium payments due; and
(b)provide a sample notice to the policyholder at least once a year.
Amended by Chapter 252 , 2021 General Session