Policies or certificates shall have a notice prominently printed on the first page of the policy or certificate or attached thereon stating in substance that the applicant has the right to return the policy or certificate within 30 days of its delivery and to have the premium refunded if, after examination of the policy or certificate, the applicant is not satisfied for any reason.? Any refund made pursuant to this section shall be paid directly to the applicant by the insurer in a timely manner. (1989, c. 729, s. 1.)

Terms Used In North Carolina General Statutes 58-54-30

  • Applicant: means (i) in the case of an individual Medicare supplement policy or subscriber contract, the person who seeks to contract for insurance benefits; and (ii) in the case of a group Medicare supplement policy or subscriber contract, the proposed certificate holder. See North Carolina General Statutes 58-54-1
  • Certificate: means any certificate issued under a group Medicare supplement policy, which certificate has been delivered or issued for delivery in this State. See North Carolina General Statutes 58-54-1
  • Insurer: includes entities subject to Articles 65 through 67 of this Chapter. See North Carolina General Statutes 58-54-1
  • Policy: means a Medicare supplement policy, which is a group or individual policy of accident and health insurance under Articles 1 through 64 of this Chapter, a subscriber contract under Articles 65 and 66 of this Chapter, or an evidence of coverage under Article 67 of this Chapter, other than a policy issued pursuant to a contract under section 1876 or section 1833 of the federal Social Security Act (42 U. See North Carolina General Statutes 58-54-1
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