§431:10-218 Stated premium must include all charges. (a) The premium stated in the policy shall be inclusive of all fees, charges, premiums, or other consideration charged for the insurance or for its procurement. This subsection shall not apply to surety or group insurance contracts.
(b) No insurer or its officer, employee, producer, or other representative shall charge or receive any fee, compensation, or consideration for insurance which is not included in the premium specified in the policy. [L 1987, c 347, pt of §2; am L 2002, c 155, §45]
Section: Previous 431-10-212 431-10-213 431-10-214 431-10-215 431-10-216 431-10-217 431-10-217.5 431-10-218 431-10-219 431-10-220 431-10-221 431-10-222 431-10-222.5 431-10-223 431-10-224 NextLast modified: October 27, 2016