Requires insurers to provide certificate holders with at least thirty days prior written notice of termination of group health insurance coverage.
Provides relative to cancellation of health and accident coverage by insurers or health maintenance organizations
Property insurance, policy cancellation, nonrenewal, reduction of coverage, insurers required to provide prior written notice, circumstances under which policy cancellation, nonrenewal or coverage restriction by insurer deemed ineffective.
Licenses and certificates; requiring notification for termination of certain license; effective date.
Property and casualty insurance coverage; require 45-day notice before change in coverage of.
Insurance: health insurers; summary of benefits and coverage provided to insureds; modify. Amends sec. 2212a of 1956 PA 218 (MCL 500.2212a).
Provides relative to state continuation of group health and accident insurance coverage upon termination of employment (RE NO IMPACT GF EX See Note)
Insurance; allowing cancellation notices to be sent electronically by certain insurers. Effective date.
Data calls authorized, group capital calculations established for insurers, insurers required to complete a NAIC liquidity stress test, insurers required to file group capital calculations and results from the NAIC liquidity stress test, insurers required to secure a deposit or bond, limited long-term care insurance provided for and regulated, automobile insurance governing provisions modified, data classified, penalties provided, and technical changes made.
Requires life insurers to notify insureds relative to conversion option