§ 8-32-8 — Cancellation of Reimbursement Insurance Policy

To the extent applicable, an insurer that issued a reimbursement insurance policy shall not terminate the policy until a notice of termination in accordance with Chapter 40 of Title 27 has been mailed or delivered to the commissioner. The termination of a reimbursement insurance policy shall not reduce the issuer’s responsibility for service contracts sold by providers which it insured prior to the date of the termination.

Legislative History

(Acts 1997, No. 97-445, p. 753, §8.)