56-7-2304 - Continuation of coverage on group contracts.
56-7-2304. Continuation of coverage on group contracts.
The commissioner is authorized to adopt rules and regulations applicable to insurance policies and subscriber contracts provided by an insurance company or a nonprofit service corporation on a group or group-type basis establishing reasonable requirements for extension of benefits and determination of claim liability in the event of discontinuance of coverage for nonpayment of premiums or replacement of coverage by another carrier. Any rule or regulation shall be adopted in accordance with § 56-1-701, and shall provide for any notices required that notice to the group policyholder or subscriber contract holder shall be deemed notice to the employee, member or subscriber. No rule or regulation shall require the extension of coverage, except as to policies or contracts issued, altered or amended after the effective date of the regulation.
[Acts 1976, ch. 417, § 9; T.C.A., § 56-1177; Acts 1992, ch. 984, § 1; T.C.A. § 56-7-114.]