Current through the 2024 Fourth Special Session
Section 31A-22-727 - Renewal, cancellation, and modification(1) Except as provided in Section 31A-22-618.6, for a group insurance policy offering accident and health insurance or a blanket insurance policy offering accident and health insurance, an insurer may: (a) decline to renew the policy on the date the policy term expires for a reason stated in the policy; or(b) cancel the policy at any time for: (i) nonpayment of a premium when due;(ii) intentional misrepresentation of a material fact in connection with the coverage;(iii) performance of an act or practice that constitutes fraud in connection with the coverage; or(iv) noncompliance with an employer eligibility provision.(2) Except for a modification required by law, an insurer may only modify a policy at renewal.(3) Subsection (2) does not apply to an endorsement by which the insurer: (a) effectuates a request the policyholder made in writing; or(b) exercises a specifically reserved right under the policy.Added by Chapter 198, 2022 General Session ,§ 25, eff. 5/4/2022.