Current through the 2024 Fourth Special Session
Section 31A-22-522 - Required provision for notice of termination(1) A group insurance policy offering life insurance coverage or a blanket insurance policy offering life insurance coverage shall include a provision that obligates the policyholder to notify each employee or group member: (b) 30 days before the day on which the coverage terminates; and(c)(i) that the group insurance policy offering life insurance coverage or blanket insurance policy offering life insurance coverage is being terminated; and(ii) the rights the employee or group member has to convert coverage upon termination.(2) For a group insurance policy offering life insurance coverage or a blanket insurance policy offering life insurance coverage described in Subsection (1), an insurer shall: (a) include a statement of a policyholder's obligations under Subsection (1) in the insurer's monthly notice to the policyholder of premium payments due; and(b) provide a sample notice to the policyholder at least once a year.Amended by Chapter 252, 2021 General Session ,§ 13, eff. 5/5/2021.Amended by Chapter 308, 2002 General Session.