Indiana Code 27-8-5-24. Insured issued new policy within year after cancellation or nonrenewal; mandatory coverage
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Sec. 24. If an insurer cancels or declines to renew a group accident and sickness policy for reasons other than fraud or nonpayment of a premium and issues a new policy to the policyholder within one (1) year after the effective date of cancellation of the policy, the insurer must accept for coverage under the new policy an individual who:
(2) has continued to meet the requirements for membership in the group that applied to the old policy.
(1) was covered under the old policy; and
Terms Used In Indiana Code 27-8-5-24
- Dependent: A person dependent for support upon another.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Fraud: Intentional deception resulting in injury to another.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
However, the insurer may not exclude or limit the coverage to the individual or individual’s dependent due to evidence of insurability.
As added by P.L.125-1992, SEC.4.