New Hampshire Revised Statutes 420-A:12 – Cancellation or Nonrenewal of Non-Group Insurance Contracts
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Terms Used In New Hampshire Revised Statutes 420-A:12
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
No non-group accident or health insurance contract, authorized under this chapter, may be cancelled or nonrenewed by the health service corporation except for nonpayment of premium, unless the insured receives either a notice of cancellation or nonrenewal or an offer of renewal in accordance with this section. The notice of cancellation or nonrenewal or offer of renewal shall be delivered to the insured or mailed to the insured’s last address as shown in the records of the health service corporation at least 30 days prior to the renewal date of the contract.