31A-22-522 - Required provision for notice of termination.
31A-22-522. Required provision for notice of termination.
(1) A policy for group or blanket life insurance coverage issued or renewed after July 1,2001, shall include a provision that obligates the policyholder to notify each employee or groupmember:
(a) in writing;
(b) 30 days before the date the coverage is terminated; and
(c) (i) that the group or blanket life insurance coverage is being terminated; and
(ii) the rights the employee or group member has to convert coverage upon termination.
(2) For a policy for group or blanket life insurance coverage described in Subsection (1),an insurer shall:
(a) include a statement of a policyholder's obligations under Subsection (1) in the insurer'smonthly notice to the policyholder of premium payments due; and
(b) provide a sample notice to the policyholder at least once a year.
Amended by Chapter 308, 2002 General Session