Section 3507 - Rights of subscribers whose policies are issued after adoption of plan and before effective date(a) Notice.--A subscriber shall be sent a written notice regarding the plan upon issuance of a policy if the subscriber's policy is issued after the later of: (1) the date the proposed plan has been adopted; or(2) if different, the record date for establishing subscribers eligible to vote on the plan. The notice shall be sent before the effective date of the plan.
(b)Cancellation and refund.--A subscriber entitled to receive the notice provided for in subsection (a) shall be advised of the subscriber's right of cancellation and to a pro rata refund of unearned premiums.(c) Limitation on subscribers.--A subscriber who has made or filed a claim under the subscriber's insurance policy may not receive a refund under subsection (b). A person who has exercised the rights provided under subsection (b) may not make or file a claim under the subscribers insurance policy.Added by P.L. TBD 2015 No. 2, § 1, eff. 7/12/2015.