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2000 SESSION

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HB 1236 Refunds of unearned health insurance premiums.

Introduced by: James M. Scott | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Refunds of unearned health insurance premiums. Requires individual accident and health insurance policies to contain a provision authorizing the insured to cancel the policy at any time and requiring the insurer to promptly return the unearned portion of the premium, calculated pro rata. The provisions giving an insured a cancellation option and the right to a refund of unearned premium are made applicable to health services plans and health maintenance organizations. The measure is effective January 1, 2001.


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