Indiana § 27-8-5-24 Insured issued new policy within year after cancellation or nonrenewal;
mandatory coverage

Indiana Statutes

§ 27-8-5-24 — Insured issued new policy within year after cancellation or nonrenewal; mandatory coverage

Indiana·Title 27 INSURANCE·Art. 8 LIFE, ACCIDENT, AND HEALTH·Ch. 5 Accident and Sickness Insurance─Policy Provisions

If an insurer cancels or declines to renew a group accident and sickness policy for reasons other than fraud or nonpayment of a premium and issues a new policy to the policyholder within one (1) year after the effective date of cancellation of the policy, the insurer must accept for coverage under the new policy an individual who:

(1)was covered under the old policy; and

(2)has continued to meet the requirements for membership in the group that applied to the old policy. However, the insurer may not exclude or limit the coverage to the individual or individual's dependent due to evidence of insurability.

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If an insurer cancels or declines to renew a
group accident and sickness policy for reasons other than fraud or
nonpayment of a premium and issues a new policy to the policyholder
within one (1) year after the effective date of cancellation of the policy,
the insurer must accept for coverage under the new policy an individual
who:
(1) was covered under the old policy; and
(2) has continued to meet the requirements for membership in the
group that applied to the old policy.
However, the insurer may not exclude or limit the coverage to the
individual or individual's dependent due to evidence of insurability.

Indiana § 27-8-5-24 (Insured issued new policy within year after cancellation or nonrenewal; mandatory coverage) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.