18 Del. Admin. Code § 1701-8.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 1701-8.0 - Effective Date

8.1 This regulation shall become effective February 15, 1971. All credit life and credit health insurance rates and forms, delivered or issued for delivery on or after February 15, 1971, except as hereinafter provided, shall conform to the provisions of this regulation as of that date. With regard to existing group credit life and health insurance policies, the rates and forms shall be filed with the Commissioner, or be terminated, not later than the anniversary date of the date of issuance of the contract next following the effective date of this regulation. Existing group credit life and health insurance contracts that are renewed, reissued or replaced other than on their normal anniversary date and all group life and health insurance contracts newly issued to replace or supplement a creditor's existing insurance program on or after October 6, 1970 shall conform to the requirements of the effective date of this regulation. No replacements or amendment of group policies to postpone the effect of this regulation will be recognized for the purpose of this section.