Added by Stats. 2013, Ch. 345, Sec. 7. (SB 281) Effective January 1, 2014.
An insurer may not:
(a)Cancel, nonrenew, or otherwise terminate an accelerated death benefit on the grounds of the age or the deterioration of the mental or physical health of the insured individual or certificate holder.
(b)Terminate a policy, certificate, or rider, or contain a provision that allows the premium for an in-force policy, certificate, or
rider, to be increased due to the divorce of a policyholder or certificate holder.
Cite this section
Other sections in Article 2.1 - Accelerated Death Benefits