Section Ins 3902.07 - Mandatory Minimum Policy Provisions(a) All supplemental insurance policies shall contain the following provisions: (1) A provision stating that the policy shall conform and operate consistently with the applicable federal and state laws and rules concerning unemployment insurance, including any amendments to those laws and rules taking effect during the term of the policy;(2) A provision that gives the insured the right to cancel the policy within 30 days of the insured's receipt of the policy, with full premium refund, and at no cost to the insured;(3) A provision that terminates the policy, with a full refund of premiums paid, at no cost to the insured, if the insured becomes unemployed during any exclusionary period or receives advance oral, written or other notice of impending unemployment during the exclusionary period, and thereafter begins a period of involuntary unemployment in the same job during the initial period that is directly related to the notice; and(4) A provision that gives the insured the right to cancel the policy at any time after 30 days, with a refund of unearned premium.(b) Supplemental unemployment insurance shall be subject to all laws and rules governing liability insurance sold under authority of RSA 401:1,V, including, but not limited to, the cancellation and nonrenewal provisions for liability insurance under RSA 417-Bexcept as provided above.N.H. Admin. Code § Ins 3902.07
Derived From Volume XXXV Number 27, Filed July 9, 2015 , Proposed by #10866, Effective 8/1/2015, Expires8/1/2025.