Indiana § 27-7-8-5 Group policies; rights to obtain individual coverage

Indiana Statutes

§ 27-7-8-5 — Group policies; rights to obtain individual coverage

Indiana·Title 27 INSURANCE·Art. 7 SPECIAL TYPES OF INSURANCE·Ch. 8 Legal Insurance

(a)A group policy must contain a provision that allows an insured member who no longer qualifies for group coverage to obtain an individual policy with similar coverage.

(b)An individual desiring to obtain an individual policy as provided under subsection (a) must apply for the policy not later than thirty-one

(31)days from the date on which the individual is no longer a qualified member of the group.

(c)The individual policy shall be issued on one (1) of the forms issued by the insurer for individual policies, and the premium on the policy must be at the insurer's customary rate for the class of risk to which the individual belongs. As added by Acts 1978, P.L.129, SEC.2.

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(a) A group policy must contain a provision that
allows an insured member who no longer qualifies for group coverage
to obtain an individual policy with similar coverage.
(b) An individual desiring to obtain an individual policy as provided
under subsection (a) must apply for the policy not later than thirty-one
(31) days from the date on which the individual is no longer a qualified
member of the group.
(c) The individual policy shall be issued on one (1) of the forms
issued by the insurer for individual policies, and the premium on the
policy must be at the insurer's customary rate for the class of risk to
which the individual belongs.
As added by Acts 1978, P.L.129, SEC.2.

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