(a) Each insurer shall, on or before March 1 as to the preceding calendar year, give written notice thereof by mail to those of its members whose status and conditions of certificate or policy are similar, if the insurer has scaled and reduced its beneficial claims for the preceding year.
(b) The notice shall contain the names and addresses of the deceased members, the accrued or face value of the certificate, and the amount received by the beneficiary and shall only include all those scaled or reduced claims by reason of insufficient yield of assessments or revenue apportioned to the settlement of such claims.
(c) The notice shall have printed thereon as a heading in bold face type of not less than eighteen (18) points the words: "NOTICE AND WARNING".
Section: Previous 23-72-108 23-72-109 23-72-110 23-72-111 23-72-112 23-72-113 23-72-114 23-72-115 23-72-116 23-72-117 23-72-118 23-72-119 23-72-120 23-72-121 23-72-122 NextLast modified: November 15, 2016