Disclosure of rating practices and renewability provisions
91 Acts, ch 244, §6; 92 Acts, ch 1167, §10; 97 Acts, ch 103, §20, 21; 2017 Acts, ch 148, §39, 40
A small employer carrier shall make reasonable disclosure in solicitation and sales materials provided to small employers of all of the following:
- 1. The extent to which premium rates for a specific small employer are established or adjusted due to the claim experience, health status, or duration of coverage of the employees or dependents of the small employer.
- 2. The provisions concerning the small employer carrier’s right to change premium rates and factors, including case characteristics, which affect changes in premium rates.
- 3. The provisions relating to any preexisting condition provision.
- 4. The provisions relating to renewability of coverage.
91 Acts, ch 244, §6; 92 Acts, ch 1167, §10; 97 Acts, ch 103, §20, 21; 2017 Acts, ch 148, §39, 40