POLICY PROVISIONS

§ 88.11. Terms of renewability.

 Each policy of accident and health insurance covered by this chapter shall include a renewal, continuation or nonrenewal provision. The language or specifications of the provision must be consistent with the type of contract to be issued such as noncancellable and guaranteed renewable, guaranteed renewable, renewable at the option of the insurer, single term nonrenewable, and the like. Such provision must be appropriately captioned and commence or be referenced on the first page of the policy and on the filing back, if any, and must clearly state the duration, where limited, of renewability and the duration of the term of coverage for which the policy is issued and for which it may be renewed. Policies which allow for a change in premiums shall specify the conditions under which rate changes may be made by insurer.

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