(1) The Director of the Department of Consumer and Business Services shall adopt by rule requirements for disclosure by group and individual health insurers to individual and group health insurance policyholders the difference between coverage under the existing policy and coverage being offered to replace that coverage.
(2) The provisions of this section do not apply to disability income insurance.
(3) The director shall adopt by rule requirements for nonduplication and replacement of major medical, Medicare supplement, long term care and special illness policies for applicants 65 years of age and older. The insurance producer shall offer to compare for any applicants 65 years of age and older the applicant’s existing policy or policies and coverage being offered to replace or supplement the applicant’s existing coverage. [1989 c.474 §2; 2003 c.364 §106]Section: Previous 743.003 743.006 743.009 743.010 743.011 743.012 743.013 743.015 743.018 743.021 743.024 743.027 743.028 743.030 743.033 Next
Last modified: August 7, 2008