(1) A life insurer shall not do any of the following because of the execution or implementation of a POST form:

  (a) Refuse to provide or continue coverage to the patient.

  (b) Charge the patient a higher premium.

  (c) Offer a patient different policy terms because the patient has executed a POST form.

  (d) Consider the terms of an existing policy of life insurance to have been breached or modified.

  (e) Invoke a suicide or intentional death exemption or exclusion in a policy covering the patient.

  (2) A health insurer shall not do any of the following:

  (a) Require the execution of a POST form to maintain or be eligible for coverage.

  (b) Charge a different premium based on whether a patient or patient representative has executed a POST form.

  (c) Consider the terms of an existing policy to have been breached or modified if the patient or patient representative has executed a POST form.