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2005 SESSION

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HB 2410 Medical malpractice insurance; cancellation or nonrenewal notice of policy.

Introduced by: Thomas Davis Rust | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Medical malpractice insurance; notice of policy changes. Requires insurers to provide no less than 90 days' notice of a cancellation or non-renewal of, or a premium increase of more than 25 percent for, a medical malpractice insurance policy. If cancellation or non-renewal of such a policy is for nonpayment of the premium, the cancellation or non-renewal will be effective not less than 15 days from the date of mailing or delivery of the notice. For all other liability insurance policies, 45 days' notice of a 25 percent increase in the premium, rather than in the filed rate, is required.


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