§ 27-29-17.1 - Definitions.
SECTION 27-29-17.1
§ 27-29-17.1 Definitions. – For the purpose of §§ 27-29-17 – 27-29-17.4:
(1) "Commissioner" means the commissioner of insurance.
(2) "Expiration date" means the date upon which coverageunder a policy ends. It also means, for a policy written for a term longer thanone year or with no fixed expiration date, each annual anniversary date of suchpolicy.
(3) "Nonrenewal" means termination of a policy at itsexpiration date.
(4) "Renewal" or "to renew" means the issuance of or theoffer by an insurer to issue a policy succeeding a policy previously issued anddelivered by the same insurer or an insurer within the same group of insurers,or the issuance of a certificate or notice extending the term of an existingpolicy for a specified period beyond its expiration date.