[§431:10H-207] Premiums charged--group and individual policies. (a) The premium charged to an insured shall not increase due to either:
(1) Increasing age of the insured at ages beyond sixty-five; or
(2) The duration the insured has been covered under the policy.
(b) The purchase of additional coverage shall not be considered a premium rate increase, but for purposes of the calculation required under section 431:10H-233, the portion of the premium attributable to the additional coverage shall be added to and considered part of the initial annual premium.
(c) A reduction of benefits shall not be considered a premium change, but for purpose of calculation required under section 431:10H-233, the initial annual premium shall be based on reduced benefits. [L 1999, c 93, pt of §2]
Section: Previous 431-10h-202 431-10h-202.5 431-10h-203 431-10h-204 431-10h-204.5 431-10h-205 431-10h-206 431-10h-207 431-10h-207.5 431-10h-208 431-10h-209 431-10h-210 431-10h-211 431-10h-212 431-10h-213 NextLast modified: October 27, 2016