§ 27-8-10-6 — Policies; renewal provisions; election to continue coverage upon death of policyholder

(a) An association policy offered under this
chapter must contain provisions under which the association is
obligated to renew the contract until:
(1) the date on which coverage terminates under section 5.1 of
this chapter; or
(2) the day on which the individual in whose name the contract is
issued first becomes eligible for Medicare coverage, except that
in a family policy covering both husband and wife, the age of the
younger spouse must be used as the basis for meeting the
durational requirement of this subdivision.
(b) The association may not change the rates for association policies
or Medicare supplement policies except on a class basis with a clear
disclosure in the policy of the association's right to do so.
(c) An association policy offered under this chapter must provide
that upon the death of the individual in whose name the contract is
issued, every other individual then covered under the contract may
elect, within a period specified in the contract, to continue coverage
under the same or a different contract until such time as he would have
ceased to be entitled to coverage had the individual in whose name the
contract was issued lived.
As added by Acts 1981, P.L.249, SEC.1. Amended by
P.L.116-1994, SEC.68; P.L.193-2003, SEC.8.