Indiana Code 27-1-41-10. Cancellation; refusal to renew
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Sec. 10. (a) An insurer may cancel or refuse to renew an individual certificate while maintaining in force the master policy and other individual certificates issued under the master policy.
(1) to the group administrator; and
(b) An insurer that cancels or refuses to renew a master policy shall, within a period determined by the commissioner, provide:
Terms Used In Indiana Code 27-1-41-10
- certificate: means a document issued to an individual group member as evidence of the group member's coverage under a master group insurance policy. See Indiana Code 27-1-41-1
- Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
- group: means the following:
Indiana Code 27-1-41-2
- insurer: means a company, firm, partnership, association, order, society or system making any kind or kinds of insurance and shall include associations operating as Lloyds, reciprocal or inter-insurers, or individual underwriters. See Indiana Code 27-1-2-3
- member: means one who holds a contract of insurance or is insured in an insurance company other than a stock corporation. See Indiana Code 27-1-2-3
(2) to each individual participating group member;
written notice of the cancellation or refusal to renew.
As added by P.L.32-2012, SEC.2.